19.9 C
New York
Tuesday, May 24, 2022

India to breach fiscal deficit target this financial year: budget

India to breach fiscal deficit target this financial year: budget© Reuters. India’s interim Finance Minister Piyush Goyal holds his briefcase as he arrives at the parliament to present 2019-20 budget in New Delhi

NEW DELHI (Reuters) – India’s fiscal deficit this financial year would be 3.4 percent of gross domestic product (GDP), slightly higher than the targeted 3.3 percent, the country’s acting finance minister said on Friday while presenting an interim budget.

“Fiscal deficit has been brought down to 3.4 percent in the revised estimate of 2018/19,” Piyush Goyal told the lower house of parliament as he delivered the Hindu nationalist-led government’s last budget for an election that must be held by May.

The deficit was widely expected to be higher than targeted due to a combination of revenue shortfalls and increased spending ahead of the election.

For Live coverage, click https://reut.rs/2UwBibi

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,301FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles