India Ratings pegs Centre's fiscal deficit at 3.6% of GDP ahead of Budget

Ten days ahead of the Budget, India Ratings (Ind-Ra) pegged the Centre’s fiscal deficit at 3.6 per cent of gross domestic product (GDP) against the Budgeted Estimate of 3.3 per cent.
 
In its outlook for FY21, it projected the deficit to be 3.4 per cent in the next year against 3 per cent given in the papers presented under the Fiscal Responsibility and Budget Management (FRBM) Act.
 
It said the government should widen the fiscal deficit within a range recommended by the FRBM panel, headed by former bureaucrat N K Singh, if it is required to push up