Fiscal deficit at 3.5% for 2020-21

Fiscal deficit at 3.8% in 2019-20 and 3.5% for 2020-21 return path committed to Fiscal Consolidation without compromising on Investment

• FRBM Act provides for a trigger mechanism for a deviation from the estimated fiscal deficit on account of structural reforms in the economy with unanticipated fiscal implications.
  
• government’s abiding commitment to macroeconomic stability as part of Medium Term Fiscal Policy cum Strategy Statement 2020-21.
• ​The Finance Minister proposed a 21% increase in capital expenditure for the FY 2020-21. The Budget further announced Rs. 22,000 crore for equity to fund certain specified infrastructure finance companies providing much needed long term finance to the sector.