Monday, May 6, 2024

April-July FY22: Centre reins in fiscal deficit at 21% of BE

Wednesday, September 1, 2021, 0:00
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Despite the announcement of the relief package in June, the fiscal cost of which is estimated at around Rs 1.5 lakh crore, the deficit target of 6.8% of GDP for FY22 would be met, given the possibility of revenue receipts exceeding the budget estimate and expenditure rationalisation, finance secretary TV Somanathan had told FE recently.

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