<h1>Fiscal Deficit Drops as Tax Revenues Surge; Govt Shifts Focus to Demand Stimulation and Infrastructure Investment.</h1> The fiscal deficit for April to November 2021 was significantly lower than in the previous two years, due to robust growth in both tax and non-tax revenues. The government's fiscal policy shifted from safety nets to stimulating demand as economic activities resumed. Revenue receipts grew substantially, with direct taxes like personal and corporate income taxes seeing significant increases. Indirect tax receipts also rose, with customs and excise duties contributing to the growth. Total government expenditure increased by 8.8%, with capital expenditure focused on infrastructure sectors. The government introduced a New Public Sector Enterprise Policy and Asset Monetisation Strategy to boost privatization efforts.