What is the estimated fiscal deficit of India in the budget of 2016-17?
3.5 per cent
This combination allowed the Government to contain the fiscal deficit from 3.9 percent of GDP in 2015-16 to 3.5 per cent of GDP in 2016-17, despite shortfall in non-tax revenue and non-debt capital receipts relative to its budgeted level.
Who announced budget 2016?
The 2016 Union budget of India is the annual financial statement of India for the fiscal year 2016–2017. It was presented before the parliament on 29 February 2016 by the Finance Minister of India, Arun Jaitley.
What is the total budget of India in 2014?
Total expenditure of Rs. 17,94,892 crore estimated. Gross Tax receipts of Rs. 13,64,524 crore estimated.
How do you write a budget review?
Budget review: 7 step guide and checklists
- Review and update the current year’s budget. Begin by considering and updating the current year’s budget.
- Incorporate the school development plan.
- Identify income sources.
- Estimate salaries.
- Assess curriculum and team allocations.
- Estimate remaining expenditure.
- Forecast outturn.
What is the fiscal deficit of India in 2019?
According to the data released by the Controller General of Accounts (CGA), the fiscal deficit at the end of December in the previous fiscal year was 132.4 per cent of the BE of 2019-20. In absolute terms, the fiscal deficit stood at Rs 11,58,469 crore at December-end.
What is the size of Indian budget?
The budget is the first one to be presented orally due to ongoing COVID pandemic….2021 Union budget of India.
|Emblem of India|
|Submitted||1 February 2021|
|Party||Bharatiya Janata Party|
|Finance minister||Nirmala Sitharaman|
|Total revenue||₹31.67 trillion (US$420 billion) (23.4%)|
Who presented the Union Budget 2016 17?
Finance Minister Arun Jaitley
Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17.
What are the three major objectives of budgeting?
The objectives of budgeting
- Provide structure. A budget is especially useful for giving a company guidance regarding the direction in which it is supposed to be going.
- Predict cash flows.
- Allocate resources.
- Model scenarios.
- Measure performance.
What was the fiscal deficit in India in 2012?
Fiscal deficit for 2012-13 estimated at 5.2%: Chidambaram The fiscal deficit for the current financial year has been contained at 5.2 per cent of GDP, lower than 5.3 per cent as was targeted, Finance Minister P Chidambaram said today. “The fiscal deficit for 2012-13 has been contained at 5.2 per cent.
What was budget deficit in 2020?
The United States posted a deficit of $3.132 trillion in fiscal 2020, when the federal government first started spending frantically in response to the pandemic.
Who presented budget 2021?
Ms. Nirmala Sitharaman
The Finance Minister, Ms. Nirmala Sitharaman, introduced Budget 2021-22 on February 1, 2021, amidst the COVID-19 pandemic. 2020-21 was a non-standard year with respect to the performance of the economy and government finances.
Who presented Budget 2018?
The 2018 Union Budget of India (ISO: 2018 kē liē Bhārat kā Kēndrīya Bajaṭ) was the annual financial statement (AFS), demand for grants, appropriation bill and finance bill of India for the financial year 2018–19. It was presented to Parliament on 1 February 2018 by Finance Minister Arun Jaitley.
Who presented Budget 2019?
Finance Minister Nirmala Sitharaman
Union Budget 2019 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 5. The Budget session would begin from June 17 and is scheduled to end on July 26. This was the first Budget for both Sitharaman and the Narendra Modi government in its second term.