Fiscal Deficit for 2020-21 at 9.3% Of GDP: CGA
The Controller General of Accounts said that the revenue deficit at the end of the fiscal was 7.42%.
Representative image. Credit: PTI
Government3 hours ago
New Delhi: Fiscal deficit for 2020-21 was at 9.3% of the gross domestic product (GDP), lower than 9.5% estimated by the finance ministry in the revised Budget estimates, according to the Controller General of Accounts (CGA) data.
Unveiling the revenue-expenditure data of the Union government for 2020-21, the CGA on Monday said that the revenue deficit at the end of the fiscal was 7.42%.
In absolute terms, the fiscal deficit works out to be Rs 18,21,461 crore.