HomeNewsIndiaBudget 2021 | Thumbs down from Opposition; calls Union Budget 'visionless'

Budget 2021 | Thumbs down from Opposition; calls Union Budget 'visionless'

Many opposition members raised slogans over the farmers' protest as soon as Sitharaman began her speech. Congress MPs Jasbir Singh Gill and Gurjeet Singh Aujla were seen wearing a black gown to the Parliament as a mark of protest against the three contentious farm laws

February 01, 2021 / 15:20 IST
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FY21 fiscal deficit pegged at 9.5% of GDP. Further, the FY22 fiscal deficit has been pegged at 6.8% of GDP. Gross market borrowing target is at Rs 12 lakh crore for FY22. We will approach the market for additional Rs 80,000 crore to fund FY21 fiscal deficit. We hope to get back on the fiscal consolidation path by FY26.
FY21 fiscal deficit pegged at 9.5% of GDP. Further, the FY22 fiscal deficit has been pegged at 6.8% of GDP. Gross market borrowing target is at Rs 12 lakh crore for FY22. We will approach the market for additional Rs 80,000 crore to fund FY21 fiscal deficit. We hope to get back on the fiscal consolidation path by FY26.

Opposition parties gave thumbs down to the Union Budget, presented by Finance Minister Nirmala Sitharaman on February 1, blaming the Centre for failing to come up with a clear road map to recover the economy.

Congress leader Rahul Gandhi said that the budget had nothing for common people.

Aam Aadmi Party leader and Delhi chief minister Arvind Kejriwal alleged that the budget benefited corporates.

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Congress leader Anand Sharma called it a ‘disappointing’ budget without a road map for the revival of consumer demand. “The nation needed a bold budget & more direct transfers to the weaker sections to revive demand, restart job creation,” he said.

The Union Budget 2021-22 came out with a host of demand-side measures, with an intention to create jobs primarily through big infrastructure announcements.