What is the 2021 deficit?

For 2021-22, the fiscal deficit target fixed by the Government was 6.8% of the GDP. By 2025-26, the Government aims to bring down the fiscal deficit to 4.5% of the GDP. You can read about the Union Budget 2021 Summary in the given link.

For 2021-22, the revenue deficit targeted by the Government is 5.1% of the GDP. Rs 34,83,236 crore is the amount the Government proposed to spend in 2021-22.

Further readings:

1. Difference between Economic Survey and Union Budget
2. Previous Years Economics Mains Questions in UPSC Civil Service Exam, General Studies Paper – 3