In view of the financial loss in the Corona period the Central Government has allowed Bihar to keep ...........

Bihar Economy

In view of the financial loss in the Corona period, the Central Government has allowed Bihar to keep what percentage of its fiscal deficit this time?

09%

05%

11%

12%

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Explanation:

Due to the financial loss in the Corona era, the state's tax collections have remained short-fall so far, this time it is a big challenge to keep the fiscal deficit within 3% under FRBM (Fiscal Responsibility and Budget Management) Act. Due to which the central government has allowed Bihar to keep it up to 5%. According to Bihar Budget 2020-21, the total fiscal deficit of the state is 20,374 crores (2.97% of the total GSDP). Fiscal deficit 2.68% of GDP in year 2018-19