Finance Minister, Piyush Goyal, has assured to meet the fiscal deficit target of 3.3 per cent.
PTI
Updated:June 18, 2018, 12:02 PM IST
File Photo
The government will maintain stability in the economy and meet all economic parameters fixed by the government, he said at an event here on Monday.
“I can assure that we will meet the fiscal deficit target of 3.3 per cent, despite this being an election year,” he said.
Fiscal deficit stood at 3.53 per cent of the Gross Domestic Product (GDP), broadly in line with the government’s revised estimates for 2017-18.
The revenue deficit was 2.65 per cent of the GDP. In absolute terms, the fiscal deficit was Rs 5.91 lakh crore, or 99.5 per cent, of the Budget estimates.
The government, in the Budget in February, had revised the fiscal deficit target for 2017-18 to 3.5 per cent from the earlier estimate of 3.2 per cent.
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Source: News18