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Fiscal Deficit Target
March 31 , 2019
1938 days
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- 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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