Budget 2019: Govt lowers fiscal deficit target to 3.3 per cent for FY20

The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent.

Update: 2019-07-05 08:42 GMT
India's fiscal deficit at the end of October hit 96.1 per cent of the budget estimate for 2017- 18. (Photo: PTI/Representational)

New Delhi: Finance Minister Nirmala Sitharaman on Friday lowered the fiscal deficit target to 3.3 per cent for the current fiscal from the earlier estimate of 3.4 per cent of the GDP.

"The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent," she said while presenting Budget for 2019-20.

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While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent. 

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