Body: Centre's FY21 fiscal deficit is seen closer to 8 percent on revenue gap and stimulus measures. Also, the fiscal responsibility budget management law may have to be reviewed.

Overall receipts position also looks very challenging despite improved tax revenue while the significant gap in non-tax revenues further adds to the fiscal challenge

The FY21 actual expenditure is also likely to exceed budget estimates. CNBC-TV18’s Sapna Das gets more details.

Watch this video for more.

(Edited by : Pranati Deva)

First Published:Dec 29, 2020 1:58 PM IST