Government meets FY19 fiscal deficit goal of 3.4%

Government meets FY19 fiscal deficit goal of 3.4%

• The government had set the met the fiscal deficit target of 3.4 percent of the GDP for 2018-19 and was successful in meeting this target of 3.4% of the gross domestic product (GDP) in FY19.

• This was possible by reducing government spending and increasing borrowings from small savings funds.

Points to remember:

1. What was the Fiscal Deficit Target of GOI for FY19?
2. Fiscal Deficit achieved by GOI in FY19?