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A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
1 February 2021: Submitted by: Nirmala Sitharaman (Minister of Finance) Submitted to: Parliament of India: Presented: 1 February 2021: Passed: 17 March 2021: Parliament: 17th : Party: Bharatiya Janata Party: Finance minister: Nirmala Sitharaman: Total revenue ₹ 31.67 trillion (US$380 billion) (23.4%) Total expenditures ₹ 37.7 trillion (US ...
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on 1 February 2022, as her fourth budget. This is the third budget of Narendra Modi-led NDA government's second term. The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget. [2]
The federal budget deficit for fiscal year 2021 totaled $2.8 trillion, the Congressional Budget Office estimated in a report released Friday. The gap is the second-largest on record, trailing only ...
Expenditure State Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$33 billion) 2023-24 [1]Arunachal Pradesh ₹ 29,657 crore (US$3.5 billion) 2023-24
The federal deficit for fiscal year 2021, spanning from October 2020 through the end of September 2021, was $2.8 trillion, the Congressional Budget Office announced on Friday.
This sector grew in even 2020-21 and again in 2021–22. Industrial sector, on other hand, did go through a contraction and now it is about 4.1 percent above pre-pandemic levels, he added. India's overall GVA grew by 8.6 percent on year in 2021–22, after contracting 6.2% in 2020–21, PEA Sanjeev Sanyal said.