You are here: Home » Opinion » Editorial » Editorials
A move towards the landlord port?
Losing the farm plot
Business Standard

Handle debt with care

Overall fiscal position can increase risks

Topics
Fiscal Deficit | Budget 2021 | GDP

Business Standard Editorial Comment  |  New Delhi 



The numbers announced in the Union Budget have surprised almost all analysts. According to the revised estimates, the at Union level will expand to 9.5 per cent of gross domestic product (GDP) in 2020-21. The government is aiming to contain it at 6.8 per cent in the next fiscal year and to below 4.5 per cent of by 2025-26. The expansion in the Budget deficit is not very difficult to justify. First, the economy is expected to contract by 7.7 per cent in the current fiscal year, which has not only resulted in a significant loss of revenue, but also requires government support to recover the lost ground at the earliest. Second, the government has made a big shift towards improving transparency and has brought off-Budget items related to subsidies on its books, pushing up the headline .

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, February 04 2021. 22:06 IST

RECOMMENDED FOR YOU

.