Business Standard

Fiscal deficit woes: Slight relief to govt from new GDP numbers

Economists are hopeful that the government will be able to rein in fiscal deficit at the revised targeted level

Budget 2018: Fiscal deficit number to be close to target of 3.2% of GDP

Indivjal Dhasmana New Delhi
The Centre will get some leeway from the revised numbers on the size of the economy to meet its fiscal deficit target for the current financial year. 

The government has already surpassed the fiscal deficit target by 21 per cent given in the Budget for 2018-19, even as there are two more months for the financial year to end.

This is so because the country’s economy at current prices is now projected to grow at Rs 190.53 trillion in FY’19, up by Rs 2.13 trillion compared to Rs 188.40 trillion pegged by the first advance estimates. 

The new number was given in the

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First Published: Feb 28 2019 | 11:39 PM IST

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