The government on July 23 struck a fine balance by capping the fiscal deficit, even as it expanded the size of its welfare schemes.
The fiscal deficit was set at 4.9 percent, despite the Budget size expanding by 1 percent compared with the Interim Budget and 7 percent from the previous year. A rise in tax revenues and better dividends have provided more fiscal space.
Here are 10 charts explaining the fiscal prudence of the Narendra Modi-led government.
Govt sticks to its fiscal path...
...buoyed by robust tax revenues...
...with a bit of push from RBI and PSU dividends...
...as the broader economy canters on a faster lane...
...driven by capex growth multipliers...
...even as asset sales stay sluggish...
The subsidy bill has remained within bounds...
...even as the Budget size has vaulted...
...characterised by declining debt...
...with the primary and revenue deficits also trending down.
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