Economics · Public Finance
Consider the following statements about the developments in the Union Government finances around the pandemic period: 1. The fiscal deficit of the Union Government reached 9.2 percent of GDP during the pandemic FY21. 2. The fiscal deficit moderated to 6.7 percent of GDP in FY22. 3. The revenue collection over the subsequent two years has significantly gone down. Which of the above statements is/are correct?
- 1Only 1✓
- 21 and 2
- 32 and 3
- 4None of the above
Correct answer
Only 1
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