When the Government is spending more, there is more money circulating in the economy thereby helping the economy to grow. It helps more people to invest or buy. This can help in boosting the economy. Hence budget deficit is not necessarily a bad thing. You can read about the Union Budget 2021 Summary in the given link.
Further readings:
- Difference between Economic Survey and Union Budget
- Previous Years Economics Mains Questions in UPSC Civil Service Exam, General Studies Paper – 3
|
Related Links
|
|
Fiscal Deficit – Meaning, Calculation, Components, Framework, and Differences with Revenue Deficit
|
Goods and Services Tax (GST) – An Overview on Slabs, Rates, Origin
|
|
Revenue Receipts- Tax Revenue and Non-Tax Revenue
|
Taxation System in India – Types, GST, VAT, Objectives, Limitation
|
|
UPSC Mains General Studies Paper-III Strategy, Syllabus & Structure
|
Previous Years Economy Questions in UPSC Prelims [2013-2021]
|
|
Fiscal Responsibility & Budget Management (FRBM) Act – UPSC Economics Notes
|
Economics Notes For UPSC IAS Examination
|
Comments