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Business News » India News

Budget 2019: Deficit for current fiscal pegged higher at 3.4%

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.

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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. Reuters

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.

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#Budget2019 पर सबसे तेज और धमाकेदार कवरेज देखिए #BudgetWithZEE पर | @AnilSinghviZEE https://t.co/dLiybAfvan

— Zee Business (@ZeeBusiness) 1 February 2019

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.

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TAGS:
Budget 2019Finance minister Piyush Goyalfiscal deficit
Written By: IANS
Updated: Fri, Feb 01, 2019
01:01 pm
New Delhi, IANS
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