Budget 2020 Updates on Economic Statistics

Budget 2020 Updates on Economic Statistics

Here are the Budget 2020 Updates:

• Saw substantial loss of revenue due to Corp tax cut in the short term: FM Sitharaman
• FY21 total expenditure seen at Rs 30.42 lakh cr
• Net market borrowing for FY20 at Rs 4.99 lakh cr
• Net market borrowing for FY21 at Rs 5.36 lakh cr
• Have undertaken deviation of 0.5% for FY20 fiscal deficit, says FM
• Have used FRBM trigger mechanism for fiscal deficit deviation: FM
• FY20 fiscal deficit seen at 3.8% of GDP vs earlier target of 3.3%
• Govt pegged FY21 fiscal deficit target at 3.5% of GDP

• FM says all flagship schemes by govt have been fully provided for
• Receipts estimated at Rs 22.46 lakh cr for FY21: FM
• Revised receipts for FY21 at Rs 19.32 lakh cr: FM
• FY21 nominal GDP growth pegged at 10%: FM
• Revised expenditure estimate for FY20 at Rs 26.99 lakh cr: FM

Further updates will follow soon.

Read more & stay tuned for more details on Unionbudget2020 , Incometaxslabs , Budget2020 , Nirmalasitharaman, Budget2020 , Dividentdistributiontax , BudgetSession2020

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