{"id":18951,"date":"2020-09-01T14:51:32","date_gmt":"2020-09-01T14:51:32","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=18951"},"modified":"2020-09-01T14:51:32","modified_gmt":"2020-09-01T14:51:32","slug":"indias-fiscal-deficit-surpasses-budgeted-target-for-fy21-stays-at-rs8-21-lakh-cr-as-on-july-2020","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=18951","title":{"rendered":"India&#8217;s fiscal deficit surpasses budgeted target for FY21, stays at Rs8.21 lakh cr as on July 2020"},"content":{"rendered":"<p><\/p>\n<div>\n<div style=\"display: inline; text-align: justify;\">\n\t<img decoding=\"async\" alt=\"\" class=\"imgCont\" src=\"https:\/\/content.indiainfoline.com\/_media\/iifl\/img\/article\/2020-07\/31\/full\/1596198529-8188.jpg\" style=\"margin: 5px; float: left; width: 350px; height: 232px;\" title=\"fiscal deficit\"\/><\/div>\n<div style=\"text-align: justify;\">\n\tIndia&#8217;s fiscal deficit has already surpassed the government&#8217;s budgeted target in the first four months of financial year FY21.<\/p>\n<p>By ending July 2020, the fiscal deficit stood at Rs8.21 lakh cr ($111.7B) which is about103.1% of the budgeted target for the current fiscal year. This is also higher compared to a year ago same period, where the fiscal deficit just accounted for 79% of the budgeted target in that financial year.<\/p>\n<p>The government had set a fiscal deficit target of Rs7.96 lakh cr for FY21 during the Union Budget 2020-21. This accounts for 3.5% of the gross domestic product (GDP).<\/p>\n<p>Data given by the Centre showed that India&#8217;s net tax receipts were Rs2.03 lakh cr, on the other hand, total expenditure was at Rs10.5 lakh cr. Such indicates the spending was higher compared to earnings due to Covid-19 pandemic.<\/p>\n<p>The country&#8217;s GDP has contracted 23.9% during April \u2013 June 2020 (Q1FY21) quarter compared to 5.2% growth in Q1 2019-20. GDP at constant (2011-12) prices in Q1FY21 was estimated at Rs26.90 lakh cr against Rs35.35 lakh cr a year ago same period.<\/p>\n<\/div>\n<p>                                                    <!--start sk\n                                                    \n\n<div>\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-4 col-sm-5 col-xs-4\">\n\n<div class=\"loading large-image-loading \"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 col-xs-4 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-5 col-sm-5 col-xs-5 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 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By ending July 2020, the fiscal deficit stood at Rs8.21 lakh cr ($111.7B) which is about103.1% of the budgeted target for the current fiscal year. This is also higher compared to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10977,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-18951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/07\/1596198529-8188.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/18951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18951"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/18951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/10977"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}