BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
India’s fiscal deficit at the end of Julu 2021 stood at Rs 3.2 trillion or 21.3% of budget estimate FY22.
Off late, monthly fiscal deficit numbers have been pointing to good health of central government finances.
In FY21, by July the fiscal deficit had reached 103% of budget estimate and 44% of revised estimate for the year.
In FY20 and FY19 as well, by July the fiscal deficit had reached 59% and 83% of actual deficit numbers respectively.
On an average, during FY14 and FY20 the fiscal deficit reached 69% of the full-year number by July.
Compared to this, the fiscal deficit has just about exceeded one-fifth of the full-year target in the first four months of the year in FY22, indicating good fiscal health.
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