28 November, 2020
4 Min Read
Fiscal deficit reaches 120% of annual target:.
The Union Government’s fiscal deficit further widened to ?9.53 lakh crore, or close to 120% of the annual budget estimate, at the end of October of the current fiscal.
Reasons behind this:
What is the fiscal deficit?
Impact of high fiscal deficit:
What is the acceptable level of fiscal deficit for a developing economy?
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