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Fiscal deficit at 3.5% for 2020-21

1/2/2020

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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. 
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