You are here: Home » Opinion » Columns
Business Standard

Is fiscal deficit of 3.2% of GDP written in stone?

Deficit isn't necessarily a bad thing. Much depends on how public money is allocated and spent and what the macroeconomic situation is

Anand P Gupta 

Anand P Gupta For the current fiscal year, the government of India has budgeted a total expenditure of Rs 21,46,735 crore, tax  revenue  of Rs 12,27,014 crore, non-tax revenue of Rs 2,88,757 crore, recoveries of loans of Rs 11,932 crore and other capital receipts of Rs 72,500 crore. Given these numbers, the government’s fiscal deficit budgeted for 2017-18 works out to Rs 5,46,532 crore. With the gross domestic product (GDP) for 2017-18 projected at Rs 168,47,455 crore, the current year’s fiscal deficit has been budgeted at 3.2 per cent of GDP.   Considering the current state of ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
First Published: Wed, October 11 2017. 22:39 IST
RECOMMENDED FOR YOU