Extra borrowing: FY21 fiscal deficit likely at 5.8%, growth to slip to 0.5% says report

It can be noted that due to the heavy dip in growth - it was supposed to hit a decadal low of 5 per cent in FY20 as per official estimates - the government is forced to spend extra to help restrict the impact of the COVID-19 pandemic on the economy.

from Economy-News-Economic Times https://ift.tt/2SUdVtX