FM pegs fiscal deficit at 9.5% for FY21, sees it easing to 6.8% in FY22

The government has pegged a fiscal deficit of 9.5 per cent of the GDP for the current fiscal with a plan to bring it down to below 4.5% by 2025-26.

The government has pegged the fiscal deficit at 6.8% for the coming fiscal 2021-22.

The gross borrowings have been pegged at Rs 12 lakh crore for the coming fiscal.


For the financial year, as against the budgeted expenditure of Rs 30.42 lakh crore, the revised estimates put the actual spending at Rs 34.50 lakh crore, FM Nirmala Sitharaman said.