https://www.taxtmi.com/news?id=23646 The Budget responds to pandemic driven weak revenues and high relief spending by raising 2020 21 revised expenditure and financing a higher fiscal deficit through government and market borrowings; 2021 22 projects elevated expenditure with increased capital outlay and planned market gross borrowing. It proposes an amendment to the FRBM Act to set a medium term declining fiscal deficit path achieved via improved tax buoyancy and asset monetisation, revises treatment of extra budgetary resources, and preserves State vertical devolution while setting conditional borrowing ceilings and revenue deficit grants. en-us Mon, 01 Feb 2021 14:39:54 +0530 Mon, 01 Feb 2021 14:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23646 The Budget responds to pandemic driven weak revenues and high relief spending by raising 2020 21 revised expenditure and financing a higher fiscal deficit through government and market borrowings; 2021 22 projects elevated expenditure with increased capital outlay and planned market gross borrowing. It proposes an amendment to the FRBM Act to set a medium term declining fiscal deficit path achieved via improved tax buoyancy and asset monetisation, revises treatment of extra budgetary resources, and preserves State vertical devolution while setting conditional borrowing ceilings and revenue deficit grants. News - Mon, 01 Feb 2021 14:39:54 +0530 https://www.taxtmi.com/news?id=23646