InvestorQ : What are divestment targets the government sets every year in its Union Budget?
riya Ranade made post

What are divestment targets the government sets every year in its Union Budget?

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Nishita Gala answered.
1 year ago
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Before I get to answering your question, let’s revise what a Budget is as well as what divestment is.

The Union Budget is an annual presentation of the government’s income and expenditure and its plans to raise revenue in the financial year to come.

Disinvestment, on the other hand, is a route the government opts for when it wants to raise extra capital. Thus, as disinvestment or divestment is the process of raising capital, it has to be accounted for in the Union Budget.

Divestment targets are nothing but the targets the government sets before the financial year begins.

The divestment target for FY19 was set at Rs 80,000 crore.

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