How Fiscal Deficits can be manipulated. Fiscal deficit beautifully explained in 2D animation.

“Jugaad” is an Indian word for improvisation, apt for decoding India’s fiscal deficit figures. While a prudent fiscal deficit is considered ideal around 3% of GDP, there are many ways that it can be maintained at that figure and at the same time exceed it by a whopping margin. This video shows you the various methods successive governments have used to keep economists happy. Make sure you see this very interesting video and hear the end limerick.

Sources

Mint
Bae, look how I shrunk the budget; Vivek Kaul; Jan 30, 2020

Economic Times
Fiscal deficit for FY21 pegged at 3.5%; FY20 target eased to 3.8%; Gaurav Noronha; Feb 2, 2020
Sword of Damocles; Gayatri Nayak; Jan 29, 2020
Govt may include off-budget spending for a clearer picture; Deepshikha Sikarwar; Jan 20, 2020

Times of India
Govt must be transparent, reveal real fiscal deficit in Budget: Experts; Surojiy Gupta & Siddhartha; Jan 20, 2020
Wanted: Swachh budget with less fudging; Swaminathan S Anklesharia Aiyar; Jan 12, 2020

India Today
Budget 2020: Why fiscal deficit, debt are set to zoom Dipu Rai January 17, 2020

Business Standard
Budget 2020: Fiscal deficit breached already, won’t suggest tightening it, says Abhijit Banerjee; Jan 11, 2020

Scroll.in
Why India’s fiscal deficit is worrying and printing more currency is not an option; Devangshu Datta; Mar 01, 2019

The Print
Modi govt likely to slash school education budget by Rs 3,000 crore citing funds crunch; Kritika Sharma; December 9, 2019

https://dipam.gov.in/en/majorachievements/current-year-2019-20-target-and-achievement

Twitter: @bisboworld

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