Homevideos Newseconomy News

    FY22 fiscal deficit likely to be close to revised target of 6.9%

    videos | IST

    FY22 fiscal deficit likely to be close to revised target of 6.9%

    Mini

    CNBC-TV18 learned that FY22 fiscal deficit is likely to come in at around the revised figure of 6.9 percent. So far the feel was that probably this number will not be breached, but maybe this is number is close to around 6.9 percent.

    The FY22 fiscal deficit is likely to come in at around the revised figure of 6.9 percent, according to people in the know.
    The government in the third Supplementary Demands for Grants has a good additional net cash outgo of Rs 1 lakh crore odd. This has probably been balanced out or offset by a similar amount of savings by other departments and ministries.
    The government is planning to bring the fiscal deficit target below 4.5 percent of GDP by 2025-26.
    Fiscal deficit is the total money spent by the government in excess of the total income earned. It is closely tracked by the bond markets and has implications for interest rates in the system.
    Watch the accompanying video of CNBC-TV18’s Sapna Das for more details.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng