NEW DELHI: Financial deficit for 2020-21 has been 9.
3 percent of their gross domestic product (GDP), reduced compared to 9.
5 percent estimated from the finance ministry at the revised Budget estimates, as stated by the CGA data.
Unveiling the revenue-expenditure information of the Union authorities for 2020-21, the Controller General of Accounts (CGA) on Monday reported that the revenue deficit in the conclusion of this financial was 7.
42 percent.
In total terms, the financial deficit proves to be Rs 18,21,461 crore.
With this fiscal year, the authorities had originally pegged the financial deficit at Rs 7.
96 lakh crore roughly 3.
5 percent of their GDP from the budget introduced in February 2020.
The authorities from the revised estimates in the Budget for 2021-22 prediction a greater financial deficit of 9.
5 percent of their GDP or Rs 18,48,655 crore for the fiscal ended in March because of a growth in expenditure due to the epidemic of Covid-19 and moderation in earnings in this financial year.
Fiscal deficit had jumped to a high of 4.
6 percent of their Gross Domestic Product (GDP) from 2019-20, largely because of inadequate earnings realisation.