Keeping the fiscal deficit under check in the Budget 2018

Gross Fiscal Deficit means the difference between revenues and the expenditure of the government. Thus the fiscal deficit also denotes the borrowings or debt of the government. In the Budget 2017 the fiscal deficit was curtailed at 3.2% of the GDP. But due to fall in GST collections and pressure on the government to increase spending to jumpstart the economy experts believe that in Budget 2018 the deficit may balloon up to 3.5%. In the last years budget the government’s has set itself a fiscal deficit target of 3% of the GDP for the coming year. Managing the fiscal deficit