Budget expected to boost growth, focus on fiscal consolidation: BoB report

In its latest economic research report released on Friday, Bank of Baroda (BoB) said the Union Budget for fiscal year 2022-23 will focus on boosting growth, achieving fiscal consolidation and boosting consumption.  are supposed to.

The report also said that there may be some changes in tax concessions in the budget, while more allocation may be made to increase investment under production-linked incentive (PLI) schemes.

According to this report, gross borrowings will be maintained in the range of Rs 12,000-13,000 billion to avoid volatility in the bond market.  Thus, the fiscal deficit is expected to be in the range of 6-6.25 per cent in the fiscal year 2022-23.

According to BoB’s research report, the Center’s net revenue is expected to grow by 12.2 per cent and expenditure by 4.5 per cent, with a 13 per cent increase in GDP at current prices.

The report claimed that the expected disinvestment proceeds in the next fiscal could be around Rs 750 billion.