Maharashtra Budget 2021-22: Fiscal deficit revised at 4% of GSDP due to Covid crisis, slowdown
Pawar said the government will ensure that public investment in priority work like infrastructure, health, agriculture, education and other aspects of the human development is not curtailed
The Maharashtra governmentâs Mid-Term Fiscal Policy has to be tweaked due to shock to the social economic development because of the coronavirus pandemic, change in share in tax devolution as per 15th Finance Commission and increased instances of natural calamities.
Deputy Chief Minister Ajit Pawar said that the government has amended the Fiscal Responsibility & Budgetary Management (FRBM) Act to avail the additional borrowing of 2 per cent of gross state domestic product (GSDP) in 2020-21.