Centre’s finances: Q1 fiscal deficit at 83% of FY21 target

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August 01, 2020 8:56 AM

Analysts see the fiscal deficit doubling from the budgeted level of Rs 8 lakh crore for the year.

At 13%, expenditure growth in Q1 was the same as budgeted for the whole of FY21.At 13%, expenditure growth in Q1 was the same as budgeted for the whole of FY21.

The Centre stepped up Budget spending in June despite a huge revenue shortage. At 13%, expenditure growth in Q1 was the same as budgeted for the whole of FY21. Analysts see the fiscal deficit doubling from the budgeted level of Rs 8 lakh crore for the year.

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