InvestorQ : what is the financial status of GoI.?
Atam Pao made post

what is the financial status of GoI.?

Answer
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Anamika Sodhani answered.
1 month ago


I think you are referring to the revenues and the expense of the government for the current year. Let me put it this way. On the revenue side, divestments will help partially but tax revenues will be under pressure. So you can expect a big revenue shortfall.

On the expenditure side, the government is likely to see a sharp spike in spending due to COVID relief packages worth $100 billion. Also, the fiscal deficit is likely to scale above the 7% mark this year and that is not great news. This could be the toughest years in recent times.