- The fiscal deficit figure indicates the total borrowing required by the government for the financial year. - This estimate was significantly higher than the pre-pandemic levels due to increased government spending aimed at stimulating the economy recovering from the COVID-19 impact. - The budget also laid out a glide path to gradually reduce the fiscal deficit over the subsequent years.
As per the Union Budget, 2021, the fiscal deficit is estimated to be how much percent of the GDP in 2021-22?
Asked in BPSC Prelims Exam 67th Cancelled · Topic: Fiscal Policy & Revenue (Fiscal Deficits: Concepts, measures, and financing of deficits)
More Economic Development questions
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