The Union Budget 2021-22 will be presented by Finance Minister Nirmala Sitharaman on February 1 (Monday). It will be the first budget presentation amid the pandemic. The budget session of the Parliament will however commence on January 29, when the economic survey 2020-2021 will also be tabled.
When and where to watch Budget 2021-2022 LIVE
People can watch Budget 2021-2022 LIVE on India TV. The budget presentation will also be streamed LIVE on India TV YoutTube channel, Twitter and Facebook handle.
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The forthcoming Union Budget should focus more on putting the economy back on track and not too much on arresting fiscal deficit, which is seen at 6.
2 per cent in 2021-22, down from 7 per cent this year, according to a report.
The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of GDP but India Ratings sees it printing in at Rs 13.44 lakh crore or 7 per cent if the government cleared its payables and roll over some portion of expenditure to 2021-22.
However, the 2021-22 budget is likely to project a fiscal deficit of 6.2 per cent but that will be achievable if nominal growth comes in around 14 per cent and real growth prints in at 9.5-10 per cent, India Ratings Chief Economist Devendra Pant said in the report.
The report pegged growth at 9.6 per cent for 2021-22 and (-)7.8 per cent for the current financial year 2020-21.
The government adopted a lose fiscal policy due to the coronavirus pandemic and announced a number of policy measures under Atmanirbhar Bharat packages to support the economy.
(With inputs from PTI)
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