The fiscal deficit in BE 2021-2022 is estimated to be which percent of GDP?
The fiscal deficit in BE 2021-2022 is estimated to be which percent of GDP?
A. 5.8%
B. 6.8%
C. 7.8%
D. 8.8%
Explanation:
The fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP. The gross borrowing from the market for the next year would be around 12 lakh crore. Fiscal deficit in RE 2020-21 is pegged at 9.5% of GDP. It has been funded through Government borrowings, multilateral borrowings, Small Saving Funds and short term borrowings.