Banking & FinanceFinanceFinanceInFocusNews

RBI Ruled Out The Possibilities of Printing More Money In Dealing with Fiscal Deficit

Sharing is caring!

RBI Governor Shaktikanta Das said the central bank has no plans to monetise the rising fiscal deficit. This is the third consecutive year that the government has revised its fiscal deficit target.

The budget has pegged fiscal deficit at 3.8 per cent for the current fiscal year, up from 3.3 per cent projected in the previous budget; and at 3.5 per cent for FY21, up from 3 per cent estimated in the July 2019.

Finance Minister Nirmala Sithraman in her recent Union Budget presentation speech mentioned the fiscal deficit situation and explained why the targets are been revised again.

The government has already crossed the fiscal deficit at 132 per cent of the estimate as of December end.

 

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: