Government Spending During July-Sept Quarter Lowest In 6 Years

by Rahul Gautam Nov 30, 2020 • 07:08 PM Views 496

In the last July-September quarter, the money that the government spent the least in the last six years. As per data released by the National Statistics Office (NSO), the administration and defence sector continued to witness a steep decline in the second quarter of FY21. For example, in the first quarter of the current fiscal, where the administration and defence sector shrank by 10.3%, in the second quarter this figure further widened to -12.2%. The figure was 10.3% in the second quarter of the last financial year