Will stick to 3.5% fiscal deficit estimate for fiscal: Finmin
Earlier in the day the government reported a fiscal deficit of Rs 7.16 lakh crore or 120.3 per cent of the revised target which spooked the money markets with rupee falling to 65.18 against the dollar versus 64.97 in previous close. Hasmukh Adhia said that the finance ministry today reviewed the fiscal position of the entire financial year.
Total expenditure incurred by the government during the period was over Rs 19.99 lakh crore, which is 90.14 per cent of revised estimates for 2017-18. Image source: IANS