 "arun jaitley, budget 2018")
Finance Minister Arun Jaitley deviated sharply from the established fiscal roadmap and set a revised fiscal deficit target of 3.5 per cent of gross domestic product for 2017-18, as compared to 3.2 per cent announced last year. Presenting Budget 2018 in Parliament, he set a fiscal deficit target of 3.3 per cent of GDP for the upcoming year.
Jaitley admitted that this was because of shortfall in goods and service tax and non-tax revenue projections, and higher expenditure. Even higher disinvestment proceeds of Rs 1 trillion, compared with budgeted estimates of Rs 725 billion, could not prevent a breach of
