
The Union Budget presented by Finance Minister Nirmala Sitharaman on February 1 promised an expenditure boost of close to Rs 70 trillion in two years, by budgeting for Rs 34.5 trillion in FY21 and Rs 34.8 trillion in the next financial year (FY22). In comparison, the government spent Rs 50 trillion in the previous two years (FY19 and FY20). This way, the FM set the intent for a massive borrowing-led expenditure stimulus.
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First Published: Thu, February 04 2021. 14:08 IST
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