{"id":8348,"date":"2020-06-02T13:43:49","date_gmt":"2020-06-02T08:13:49","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=8348"},"modified":"2020-06-02T13:43:49","modified_gmt":"2020-06-02T08:13:49","slug":"fiscal-deficit-widens-to-4-6","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/fiscal-deficit-widens-to-4-6\/","title":{"rendered":"Fiscal deficit widens to 4.6%"},"content":{"rendered":"<section class=\"hero-section\" data-type=\"type-1\" data-alignment=\"left\">\n<header class=\"entry-header\"><span style=\"color: #ff0000;\"><strong>Relevance: Prelims: Economy\u00a0<\/strong><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.etimg.com\/photo\/msid-76098239\/16.jpg\" alt=\"Fiscal deficit widens to 4.6% of GDP in 2019-20 - The Economic Times\" \/><\/p>\n<p><strong>Why in news?<\/strong><\/p>\n<\/header>\n<\/section>\n<div class=\"entry-content\">\n<p>\u2022 The country\u2019s fiscal deficit widened to 4.6 percent of the Gross Domestic Product in 2019-20 mainly on account of poor revenue realisation, according to official data.<\/p>\n<p><b>About:<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/image.slidesharecdn.com\/fiscaldeficit-170422171416\/95\/fiscal-deficit-2-638.jpg?cb=1492881449\" alt=\"Fiscal deficit\" \/><\/p>\n<p>\u2022 The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 percent for the fiscal.<\/p>\n<p>\u2022 Finance Minister while unveiling the budget in February pegged the fiscal deficit for 2019-20 at 3.8 percent, up from 3.3 percent in the original budget estimate.<\/p>\n<p>\u2022 According to the Controller General of Accounts (CGA) data, the fiscal deficit for 2019-20 worked out to be 4.59 per cent of the GDP, while the revenue deficit was 3.27 percent. The effective revenue deficit was 2.36 percent, the data showed.<\/p>\n<p>\u2022 The increase in the fiscal deficit has been mainly on account of shortfall in revenue collection during 2019-20. The revenue receipts during the year worked out to be only 90 percent of the revised estimate.<\/p>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/image.slidesharecdn.com\/fiscaldeficit-170422171416\/95\/fiscal-deficit-3-638.jpg?cb=1492881449\" alt=\"Fiscal deficit\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/slideplayer.com\/slide\/4144785\/13\/images\/30\/Summary+of+the+Impacts+of+Fiscal+Policy.jpg\" alt=\"Chapter 11 Fiscal Policy McGraw-Hill\/Irwin - ppt video online download\" \/><\/p>\n<p><span style=\"color: #0000ff;\"><strong>For more such notes, Articles, News &amp; Views Join our Telegram Channel.<\/strong><\/span><\/p>\n<p><a title=\"Telegram Link\" href=\"https:\/\/t.me\/triumphias\" target=\"_blank\"><span style=\"color: #ff0000;\"><strong>https:\/\/t.me\/triumphias<\/strong><\/span><\/a><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Click the link below to see the details about the UPSC \u2013Civils courses offered by Triumph IAS.<\/strong> <\/span><span style=\"color: #ff0000;\"><strong><a style=\"color: #ff0000;\" title=\"Courses available\" href=\"https:\/\/triumphias.com\/pages-all-courses.php\">https:\/\/triumphias.com\/pages-all-courses.php<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relevance: Prelims: Economy\u00a0 Why in news? \u2022 The country\u2019s fiscal deficit widened to 4.6 percent of the Gross Domestic Product<\/p>\n","protected":false},"author":1,"featured_media":6714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[123],"tags":[392],"class_list":["post-8348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-union-public-service-commission-upsc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/8348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=8348"}],"version-history":[{"count":1,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/8348\/revisions"}],"predecessor-version":[{"id":8349,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/8348\/revisions\/8349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/6714"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=8348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=8348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=8348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}