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Fiscal deficit target optimistic

We believe some of the other expenditure such as bank recapitalisation, petroleum, and fertiliser subsidy to require an upward revision that will push the overall expenditure

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Interim Budget 2019  |  Interim Budget  |  Budget

Naresh Takkar 

Interim Budget 2019, Budget 2019

While the government reiterated its commitment of achieving the fiscal deficit target of 3 per cent of gross domestic product (GDP) by 2020-21 (FY21), it has nominally revised upwards the fiscal deficit to 3.4 per cent for 2018-19 (FY19) and 2019-20 (FY20), despite a sizeable outlay on the income-support scheme for small farmers aggregating to Rs 20,000 crore in FY19 and additional Rs 75,000 crore for FY20.

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First Published: Sat, February 02 2019. 20:17 IST