Budget 2019: Deficit for Current Fiscal Pegged Higher at 3.4%
The Centre on Friday revised upwards the fiscal deficit target for 2018-19 to 3.4 per cent of the GDP, from the previous target of 3.3 per cent.
New Delhi, February 1: The Centre on Friday revised upwards the fiscal deficit target for 2018-19 to 3.4 per cent of the GDP, from the previous target of 3.3 per cent.
The announcement was made by acting Finance Minister Piyush Goyal while presenting the Interim Budget for 2019-20 with the general elections due to take place within months. Budget 2019: Union Minister Piyush Goyal Begins Budget Speech Wishing Speedy Recovery of Arun Jaitley.
Global ratings agency Fitch on Thursday warned against higher pre-election spending announcements in the upcoming Interim Budget which could risk a second consecutive year of fiscal slippage.
(The above story first appeared on LatestLY on Feb 01, 2019 11:46 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).