Fiscal Deficit stood at 88% of the target till December 2015

January 2016, Economy

In Brief:


The government’s fiscal deficit for the first nine months (April-December) of this financial year stood at 88 percent of the annual target. The April-December fiscal deficit — the difference between government revenue and expenditure — stood at Rs.4.88 lakh crore, which is 88 per cent of the Rs.5.55 lakh crore target for the full year set by Finance Minister Arun Jaitley in the Budget. It amounts to 3.9 per cent of the GDP, a target that many industry leaders want to be pushed back in favour of increased public expenditure. They said it will boost domestic demand.

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