FM Nirmala Sitharaman presented her first paperless union budget and announced a slew of measures on healthcare and infrastructure to give a push to the Covid-hit economy. Sitharaman pegged FY21 fiscal deficit at 9.5% of GDP, with FY22 fiscal deficit target at 6.8% of GDP. Hope to get to back to fiscal consolidation path by FY26. Fiscal deficit will reach below 4.5% by FY26. FY22 gross expenditure seen at Rs 34.83 lakh crore.<br />The government has left direct taxes unchanged, but took steps in direct tax incentives to ease compliance for taxpayers.The allocation to healthcare in this budget has been increased substantially.<br /><br />#Budget2021 #NirmalaSitharaman #AtmanirbharBharat
