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Higher PLI allocations, change in tax concessions expected in budget 2022-23; Fiscal deficit likely at 6-6.25 pc: BOB Economics Research

Higher PLI allocations, change in tax concessions expected in budget 2022-23; Fiscal deficit likely at 6-6.25 pc: BOB Economics Research

Jan 26, 2022, at 02:04 am

New Delhi/IBNS: Union Budget 2022-23 is expected to come with measures to boost consumption, changes in tax concessions and higher allocation to PLI schemes amid twin challenges of fiscal consolidation and boosting growth, according to FY23 Budget Preview by BOB Economic Research. Further, it pegged the fiscal deficit at 6-6.25 percent in view of these factors along with upcoming state elections and gross borrowing expected to be maintained at Rs 12-13tn, despite higher repayments.