Discover and read the best of Twitter Threads about #Budet2021
Most recents (1)
When looking at financial numbers the context and change over time is important. So a fiscal deficit in Year 20X1 of 5% can only be understood by looking at the time trend over a few years. So here's some time trend charts about #Budet2021 for #India.
1st the fiscal deficit
1st the fiscal deficit
The fiscal deficit is the gap between A)Total expenditure by the Government and B) the sum of revenue receipts (tax + non tax), loan recoveries, other receipts(these are mainly PSU disinvestments). This is the gap that has to be plugged by the Government borrowing money
#Budget2021 forecasts that the interest the Govt expects to pay for accumulated Govt debt (+ any new borrowing in-year) at 8.1 lakh crores). This makes most sense when seen as a proportion of revenue expenditure.
