Finance Minister presented the general budget. (Pic-ANI)
Union Budget FY21 Fiscal Deficit News: Union Finance Minister Nirmala Sitharaman has projected the fiscal deficit to be less in 2022 while presenting the Union Budget. However, the fiscal deficit in 2021 will be 9.5 percent of GDP.
- February 1, 2021, 1:01 PM IST
The Finance Minister said that the capital expenditure has been Rs 4.38 lakh crore. He expressed the hope that the fiscal 2022 fiscal deficit will be reduced to 6.8 per cent as compared to the previous year. He said that the total expenditure is estimated to be Rs 34.83 lakh crore in FY 2022. Capital expenditure will be 5.54 lakh crore in 2022. In the financial year 2022, a loan of Rs 12 lakh crore has been announced from the market.