Abstract
The present study analyze the fiscal deficit as an instrument to measure the amount of government borrowing to require the financial position and their budget shortfall. This study traces the major current changes in Indian fiscal system during the period 2019-20, though the unions Government adopt the fiscal rule for reduction the financial crisis during the epidemic period of Covid-19. However the current study also traces the percentage of GDP decrease because of the problem of lock-down during the Covid-19. The paper concludes with discussion on the composition of union government receipts and expenditure position in present scenario and indicated the situation of fiscal and revenue deficit of the government budget.
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