Indian govt achieves the fiscal deficit target of 3.4 per cent
10/04/2019 14:44

The Indian government report shows that it has achieved the fiscal deficit target of 3.4 per cent of the GDP in FY19, by reducing spending and higher borrowings from small savings funds.

As per the report, the government missed the tax collections target by over 1 lakh crore, including about Rs 50,000 crore shortfall in direct tax and Rs 65,000 crore in indirect tax receipts.

The details about expenditure cut-down in ministerial allocations and borrowings from the small savings were not shared.