• SENSEX
    NIFTY 50
Business

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.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV