Question
What is the target Fiscal Deficit as a % of GDP for FY23
in the Union Budget 2022-23?Solution
The deficit is expected to fall to 6.4 percent in FY23. It is expected to improve to 4.5% by 2025-26. The fiscal deficit for the year 2021-22 is expected to be 6.9 percent of the GDP, close to the budgeted estimate of 6.8 percent announced last year.
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