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Interim Budget 2019: FY19 fiscal deficit pegged at 3.4% of GDP, CAD at 2.5%

The budgeted fiscal deficit target for 2018-19 (FY19) was 3.3 per cent of GDP

BS Web Team 

Interim Budget 2019
Interim Budget 2019: Finance Minister Piyush Goyal will present the Budget

Finance Minister Piyush Goyal started the speech giving an overview of the under the Modi government on Friday.

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Goyal pegged the for 2018-19 at at 3.4% of the and at 2.5%.

He said the Modi government "broke the back of back breaking inflation" and brought in countrol the double digit inflation that it inherited from the UPA government.

ALSO READ: Govt has broken the back of inflation: FM Piyush Goyal in his Budget speech

The budgeted target for 2018-19 (FY19) was 3.3 per cent of The announcement of a higher target for the current financial year was made by Finance Minister Piyush Goyal while presenting the in the Lok Sabha.

The revision comes after the exceeded the Budget target by 15 per cent in the first eight months of FY19. It stood at Rs 7.17 trillion at the end of November 2018, 114.8 per cent of the budgeted target of Rs 6.24 trillion, showed data released by the Controller General of Accounts in January.

First Published: Fri, February 01 2019. 11:23 IST