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Greater slippage likely to raise questions over fiscal arithmetic for FY20

The interim Budget pegs collections from CGST for the full year at Rs 5.04 trillion

Topics
fiscal deficit | Interim Budget

Nitin Sethi & Ishan Bakshi 

The revised estimates provided in the interim Budget peg the fiscal deficit for 2018-19 at 3.4 per cent of GDP as against the budgeted target of 3.3 per cent. But, a closer look at the numbers suggest that even the revised target might be an optimistic estimation.

The government, however, says that the fiscal deficit target has been rounded off which exaggerates the figures. In fact, the deficit has been budgeted at 3.34 per cent of the country's gross domestic product (GDP) for 2018-19 in the Budget Estimate (BE) which has now been revised up to 3.36 per cent, economic ...

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First Published: Sun, February 03 2019. 22:05 IST