 "Modi govt meets revised fiscal deficit target of 3.4% for 2018-19")
The Centre’s full year fiscal deficit for FY19 came in at Rs 6.45 trillion, slightly above the revised estimate of Rs 6.34 trillion, showed official data released on Friday by the Controller General of Accounts.
With gross domestic product (GDP data for FY19 also released on Friday, it was learnt that fiscal deficit stood at 3.39 per cent of the GDP, against a revised estimate of 3.4 per cent, mainly on account of an increase in non-tax revenue and lower expenditure. Hence, the fiscal deficit figure is above estimates in absolute terms, it is slightly lower as a percentage
With gross domestic product (GDP data for FY19 also released on Friday, it was learnt that fiscal deficit stood at 3.39 per cent of the GDP, against a revised estimate of 3.4 per cent, mainly on account of an increase in non-tax revenue and lower expenditure. Hence, the fiscal deficit figure is above estimates in absolute terms, it is slightly lower as a percentage
