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Union Budget 2021: FY21 fiscal deficit at 9.5%

Feb 01, 2021 16:00 IST

The fiscal deficit for the financial year 2020-21 has been pegged at 9.5% with a plan to bring it down to below 4.5% by FY26, Finance Minister Nirmala Sitharaman said. The government would need another ₹80,000 crores for which it would be approaching the markets in February and March. The fiscal deficit in FY22 is estimated to be 6.8% of GDP. The gross borrowing from the market for the next year would be around ₹12 lakh crores, Sitharaman said.

 

Economy