India’s fiscal deficit

Context

  • India’s fiscal deficit in the first eight months of FY2018-19 rose to Rs 7.17 lakh crore, hitting around 115% of the budgeted target for the current financial year, breaching the target of Rs 6.24 lakh crore set by the government for the financial year 2018-19.

Fiscal Deficit

  • Fiscal Deficit is the difference between total revenue and total expenditure of the government. The borrowings are not included while calculating the total revenue. Fiscal Deficit gives an indication about the total borrowings required.

Related posts

Total
0