Budget 2019: Fiscal deficit target revised to 3.4% from 3.3%, says Piyush Goyal
Updated : February 01, 2019 01:38 PM IST
The government’s previous fiscal deficit target was 3.3 percent. The target has now been revised to 3.4 percent, a potential result of the expected higher spending along with a deficit in tax collections.
Rupee also strengthened as soon as the 3.4 percent revision was announced.
The full-year fiscal deficit target of Rs 6.24 lakh crore was breached at October-end mainly on account of lower revenue collections, showed government data on Friday, reflecting deterioration in public finances.
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