Forwarded from Moneycontrol
Ministry of Finance, Government of India has started the process of preparing the #UnionBudget 2022-23. But policymakers are worried about the mounting expenditure burden as govt's #COVID19 relief measures could increase expenditure by Rs 2.01 lakh cr.
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https://www.moneycontrol.com/news/business/economy/finmin-frets-over-extra-expenditure-as-budget-preparations-begin-7600551.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/economy/finmin-frets-over-extra-expenditure-as-budget-preparations-begin-7600551.html?utm_source=telegram&utm_medium=social
Moneycontrol
FinMin frets over extra expenditure as budget preparations begin
While the finance ministry is happy with strong tax collections on the back of a sustained economic recovery, the worry is that Covid-19 relief measures of the past six and a half months could take the fiscal deficit to 7.7 percent of GDP compared with a…