Where is the fiscal deficit headed? The fiscal deficit for 2020-21 is expected to increase to ₹18.49 trillion or 9.5% of GDP. It was budgeted at 3.5% of GDP. The fiscal deficit is the difference between what a government earns and what it spends. Gross tax collection is expected to …
Read More »The 10 most important things you need to know about budgeting
