Government Finances

Fiscal Deficit: Fiscal deficit in 2022-23 is targeted at 6.4% of GDP, lower than the revised estimate of 6.9% of GDP in 2021-22 (marginally higher than the budget estimate of 6.8% of GDP).

  • The target for primary deficit (which is fiscal deficit excluding interest payments) in 2021-22 is 2.8% of GDP.

Public Debt to GDP Ratio: The Public Debt to GDP Ratio is 85.2% for FY2022.

Public Debt to GDP Ratio of States: The Public Debt to GDP Ratio of States is 31% for March end 2021.

Schemes & Programs

The Fiscal Responsibility and Budget Management (FRBM) Act, 2003: It requires the ....

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