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	'title' => 'Look out for the FY22 revised estimates -Madan Sabnavis',
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	'description' => '<p style="text-align:justify">-Financial Express</p>

<p style="text-align:justify"><em>This is of special interest as FY22 was challenging on several fronts, needing govt intervention</em></p>

<p style="text-align:justify">Budget FY23 will, of course, be important for the content and its take on the economy, given the Union government has to necessarily take a call on how it thinks the third wave has affected the economy and accordingly make provisions in the Budget.</p>

<p style="text-align:justify">But, also important will be the revised numbers for the different estimates for FY22. What exactly should we watch out for in these numbers?</p>

<p style="text-align:justify">The most important number that most watchers will be waiting for is the fiscal deficit ratio that was targeted at 6.8% for FY22. The assumptions on growth were well-placed, but given the course of the pandemic situation and the economy over the year, there have been several announcements made on expenditure that are outside the FY22 Budget.</p>

<p style="text-align:justify">Revenues, on the other hand, have been meaningfully buoyant, leading to the interesting situation of higher revenue and expenditure with no additional borrowing from the market. To the advantage of the Budget, the denominator has expanded at a higher rate than expected and would be Rs 232 lakh crore against a budgeted number of Rs 223 lakh crore.</p>

<p style="text-align:justify">There is a benefit of 0.3% of GDP that would accrue to the government under ceteris paribus conditions.</p>

<p style="text-align:justify">Please <a href="https://www.financialexpress.com/opinion/look-out-for-the-fy22-revised-estimates/2406082/?fbclid=IwAR3MddOG3RirmwWYq8ywduxxMaZmbAAoaie-DL_-iY_Hk9BrJFx90ZV0Vbg">click here</a> to read more.&nbsp;<br />
&nbsp;</p>
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This is of special interest as FY22 was challenging on several fronts, needing govt intervention

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But, also important will be the revised numbers for the different estimates...'
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	'title' => 'Look out for the FY22 revised estimates -Madan Sabnavis',
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	'description' => '<p style="text-align:justify">-Financial Express</p>

<p style="text-align:justify"><em>This is of special interest as FY22 was challenging on several fronts, needing govt intervention</em></p>

<p style="text-align:justify">Budget FY23 will, of course, be important for the content and its take on the economy, given the Union government has to necessarily take a call on how it thinks the third wave has affected the economy and accordingly make provisions in the Budget.</p>

<p style="text-align:justify">But, also important will be the revised numbers for the different estimates for FY22. What exactly should we watch out for in these numbers?</p>

<p style="text-align:justify">The most important number that most watchers will be waiting for is the fiscal deficit ratio that was targeted at 6.8% for FY22. The assumptions on growth were well-placed, but given the course of the pandemic situation and the economy over the year, there have been several announcements made on expenditure that are outside the FY22 Budget.</p>

<p style="text-align:justify">Revenues, on the other hand, have been meaningfully buoyant, leading to the interesting situation of higher revenue and expenditure with no additional borrowing from the market. To the advantage of the Budget, the denominator has expanded at a higher rate than expected and would be Rs 232 lakh crore against a budgeted number of Rs 223 lakh crore.</p>

<p style="text-align:justify">There is a benefit of 0.3% of GDP that would accrue to the government under ceteris paribus conditions.</p>

<p style="text-align:justify">Please <a href="https://www.financialexpress.com/opinion/look-out-for-the-fy22-revised-estimates/2406082/?fbclid=IwAR3MddOG3RirmwWYq8ywduxxMaZmbAAoaie-DL_-iY_Hk9BrJFx90ZV0Vbg">click here</a> to read more.&nbsp;<br />
&nbsp;</p>
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This is of special interest as FY22 was challenging on several fronts, needing govt intervention

Budget FY23 will, of course, be important for the content and its take on the economy, given the Union government has to necessarily take a call on how it thinks the third wave has affected the economy and accordingly make provisions in the Budget.

But, also important will be the revised numbers for the different estimates...'
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