Latest govt measures to cause a fiscal slippage of 0.3-0.4% of GDP, says Acuité Ratings
Updated: 02 Jun 2022, 11:51 AM IST
- From the fiscal perspective, a cut in excise duty on petroleum products is expected to have a revenue implication of around ₹85,000 crore over the remainder of FY23 which will be entirely borne by the Central Government, said Acuité Ratings.
Overall, the fiscal slippage of these measures announced by the government is estimated at around ₹2 lakh crore. Photo: Pixabay