Deficit Current Affairs, GK & News
Fiscal deficit target raised to 3.8 percent for FY20
In the recent Union Budget 2020-21, the government has estimated the fiscal deficit target for 2020-21 at 3.5 per cent of GDP (Budget Estimate). The fiscal deficit target for 2019-20 was estimated at 3.3% earlier, which has also been revised to 3.8% of GDP, citing revenue shortage as the reason. Under the Fiscal Responsibility and ..
Topics: Deficit • Economy • Economy of India • Finance • Government of India • union budget 2020-21
India losing Fiscal Deficit Targets
India’s fiscal deficit reached almost 71% of its full-year target in the first half of the year, casting doubts over its ability to meet budget goals as central finances feel the pressure of squeezed revenues and slowing growth. India’s fiscal deficit from April to September was Rs 2.92 lakh crore ($60.1 billion),71% of the Rs ..
Month: Current Affairs - December, 2011
Category: Government Schemes Current Affairs
Topics: Deficit • Economies • Economy of India • Fiscal • Fiscal Responsibility and Budget Management Act • Fourteenth Finance Commission • Government budget balance • Government spending • United States fiscal cliff