{"id":86451,"date":"2020-02-02T15:45:00","date_gmt":"2020-02-02T10:15:00","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13422"},"modified":"2020-02-02T15:45:00","modified_gmt":"2020-02-02T10:15:00","slug":"budget-2020macro-economic-framework-statement-mfs-2020-21","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/budget-2020macro-economic-framework-statement-mfs-2020-21\/","title":{"rendered":"Budget 2020:Macro-economic Framework Statement (MFS) 2020-21"},"content":{"rendered":"\n<p><strong>News:<\/strong>In Budget 2020-21,Government of India has presented the Macro-economic Framework Statement(MFS) 2020-21.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Key Highlights of the statement:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Macroeconomic Framework Statement(MFS) 2020-21 describes the return path of fiscal consolidation without compromising the needs of investment out of public funds.<\/li><li><strong>Fiscal Deficit:<\/strong>The government\u2019s fiscal deficit for 2019-20 will be 3.8% of the gross domestic product(GDP) compared to 3.3% projected last year.For the financial year 2020-21,the fiscal deficit target has been set at 3.5%.<\/li><li><strong>Disinvestment target:<\/strong>The government has pegged disinvestment target for 2020-21 at Rs 1.20 lakh crore nearly double of Rs 65,000 crore it expects to raise in the current financial year.\u00a0<\/li><li><strong>Capital Expenditure:<\/strong>The Finance Minister has proposed a 21% increase in capital expenditure for the FY 2020-21.\u00a0<\/li><li>India is now the <strong>fifth-largest<\/strong> economy in the world<\/li><li><strong>FDI<\/strong>:India\u2019s Foreign Direct Investment(FDI) elevated to US$ 284 billion during 2014-19 from US$ 190 billion during 2009-14.<\/li><li><strong>National Infrastructure Pipeline(NIP):<\/strong>To improve the physical quality of life,the Government has announced the NIP of projects worth Rs. 102 lakh crores which would commence in phases from 2020-21 to 2024-25.<\/li><li><strong>Debt:<\/strong>Centre\u2019s debt as a percentage of GDP has come down to 48.7% as of May, 2019.\u00a0<\/li><li><strong>Poverty:<\/strong>271 million people raised out of poverty between 2006 and 2016.\u00a0<\/li><li><strong>Taxpayers:<\/strong>6 million new taxpayers have been added in the last four years due to the GST.\u00a0<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/4xjSjvjpll6uqtAlk7SaU9xzDJ4PsLQE0vXRaWeAmqBGZ_8p9i7syJ2NPtGPl-EZGVMl9P9puf_zRRhfDXYtq0Lp8LQ0F3Q_tJ7dbDONkYaqFBbi2O4u8iAygzIZOkJ8yLLA30r6\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>News:In Budget 2020-21,Government of India has presented the Macro-economic Framework Statement(MFS) 2020-21. Facts: Key Highlights of the statement: The Macroeconomic Framework Statement(MFS) 2020-21 describes the return path of fiscal consolidation without compromising the needs of investment out of public funds. Fiscal Deficit:The government\u2019s fiscal deficit for 2019-20 will be 3.8% of the gross domestic product(GDP)&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/budget-2020macro-economic-framework-statement-mfs-2020-21\/\">Continue reading <span class=\"screen-reader-text\">Budget 2020:Macro-economic Framework Statement (MFS) 2020-21<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[4018,388],"class_list":["post-86451","post","type-post","status-publish","format-standard","hentry","category-economy","tag-marco-economic-statetement","tag-union-budget","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704741869},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86451"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86451\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}