What is the current government deficit?

The fiscal deficit was Rs 18,21,461 crore. Fiscal deficit for 2020-21 was at 9.3 per cent of the gross domestic product (GDP). As per the data shared by the Controller General of Accounts (CGA) the revenue deficit at the end of the fiscal was 7.42 percent, this data was shared in the revenue-expenditure data of the Union government for 2020-21. You can read about the Union Budget 2021 Summary in the given link.

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

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