Fiscal Deficit for the year 2018 19 has been projected at of the GDP........

Economic Affairs Public Finance and Debt Management

Download Solution PDF

Fiscal Deficit for the year 2018-19 has been projected at ____ % of the GDP

3.3%

3.1%

3.2%

छोटे Courses बड़े Results

Master Public Finance and Debt Management

Prepare through Micro-courses

Try Now

Explanation:

Deficit financing is the budgetary situation where expenditure is higher than the revenue. It is a practice adopted for financing the excess expenditure with outside resources. The expenditure revenue gap is financed by either printing of currency or through borrowing.
Fiscal Deficit was brought down to 4.1% in 2014-15 to 3.9% in 2015-16, and to 3.5% in 2016-17. Revised Fiscal Deficit estimates for 2017-18 are Rs. 5.95 lakh crore at 3.5% of GDP. Fiscal deficit target for 2018-19 has been kept at 3.3%.