TNPSC Thervupettagam

Fiscal Deficit Target

March 31 , 2019 2094 days 869 0
  • The government missed the Fiscal deficit target for the financial year 2018-19.
  • Fiscal deficit was 3.5% of GDP in FY18 as against a target of 3.2%.
  • The fiscal deficit in terms of rupees was Rs 8.51 lakh crore against the budgeted Rs 6.34 lakh crore for the full year in the revised estimates.
  • Lower-than-expected tax collections and continuing government spending were responsible for the widening fiscal deficit.
  • Fiscal deficit target for next financial year is 3.4% of GDP.
 

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