‘Govt’s primary spending to grow 2nd lowest in two decades in FY22’


    New Delhi, Jan 25 | With constrained revenue position running well into next financial year and country’s fiscal position under strain, the government would have no option but to limit its expenditure to come back on path of fiscal consolidation and reduce its heavily enlarged deficit.

    According to a report on the state of economy by Motilal Oswal Institutional Services, the government would be able to narrow fiscal deficit to 5.5 per cent of GDP in FY22 from expected level of over 7 per cent in FY21, but this would assume a 19 per cent growth in total receipts in FY22 and an increase of just 5.6 per cent in total spending by the Central government.

    This indicates that primary spending (excluding interest payments) would grow just 4.6 per cent in FY22 (v/s 6 per cent growth in FY21), marking the second lowest growth in four decades, the brokerage said in its report.

    The finance minister will present the Union Budget 2021-22 on February 1 in this contained environment. As always, expectations are running high. However, the government’s fiscal response in 2020 indicates certain inflexibility and the lack of resources to stimulate the economy, the report said.

    Although there was no massive fiscal stimulus in CY20-various estimates put it between 1.5 per cent and 2.5 per cent of GDP, of which 0.7 per cent of GDP was on account of food subsidies, which is unlikely to affect the fiscal balance-a significant shortfall in receipts likely led to the doubling of the fiscal deficit to 7 per cent of GDP in FY21 (from the budgeted 3.5 per cent), Motilal Oswal said.

    The assumption (based on actual data available up to Nov’20) is gross taxes would decline 5.3 per cent, total receipts would fall 12.4 per cent, and total expenditure would grow 7.2 per cent in FY21.

    Besides these all important macro numbers,the brokerage said that this years budget would be tracked for announcement in three areas: The lack of receipts has led to debates related to one-off cess/surcharge. However, the government may consider keeping the taxation regime unchanged, helping to sustain and bolster the economic momentum.

    The other area, the brokerage said, is that close monitoring would be done to see whether the Union Budget includes measures to revive residential real estate demand in the country. Also, It would be interesting to note whether the Government can continue to support the rural sector as much as it has in the past couple of years.

    Lastly, the report said, while the government is expected — as witnessed every year — to grow its capital expenditure (capex) more than total spending, it is severely constrained by the low share (25 per cent) of discretionary/non-mandatory spending. Furthermore, the centre’s capex is only 5 per cent of domestic investments in the country.

    Source: IANS

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    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.


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