FY21 fiscal deficit marginally better at 9.3% of GDP

The Centre’s fiscal deficit for FY21 was slightly better than the revised estimates presented in the February budget, data released on Monday showed, as tax revenues picked up towards the end of the year.
The fiscal deficit for FY21, according to provisional estimates, was 9.3% of gross domestic product (GDP), lower than the government’s revised estimate of 9.5% in the February budget.