Question : Packages for Revival of Economy

(a)whether the Government has any details regarding the quantum of money put into the market as stimulus package for the revival of the economy;

(b)if so, the details of such stimulus packages put into the economy during the last 12 months, month-wise;

(c)whether the Government has noticed that stimulus packages have any impact on the economy;

(d)if so, the details thereof;

(e)whether the Government has any plan to give more stimulus packages for the country’s economy; and

(f)if so, the details thereof and the steps taken by the Government in this regard?

MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI ANURAG SINGH THAKUR)

(a) to (b): Fiscal deficit is a broad measure of the stimulus that is given to the economy. Fiscal deficit in 2019-20 was budgeted at 3.3% of GDP and revised to 3.8%, indicating the additional stimulus during the year.

(c) to (d): As per Advance Estimates of National Income of 2019-20, growth in private consumption expenditure has risen in Q2 and Q3 of 2019-20, as a result of multiple factors including the fiscal stimulus provided in the economy.

(e) to (f) For 2020-21, Government has budgeted a fiscal deficit of 3.5% of GDP to provide stimulus to the economy.
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