Tag Archives: Union Budget 2021-22

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 …

The Union budget for 2021-22 is scheduled to be presented in Parliament on February 1, 2021 Finance Minister Nirmala Sitharaman promised a “never before” Union Budget on Friday as the government seeks to steer the pandemic-hit economy and boost growth. While investment in healthcare, medical research and development (R&D), and …