Home >News >India >FY19 fiscal deficit marginally lower at 3.39% of GDP

The fiscal deficit for FY19 came in at 3.39% of GDP, a tad lower than 3.4%, estimated in the revised estimates of the Budget, mainly due to increase in non-tax revenue and lower expenditure, as per data released by Controller General of Accounts (CGA).

In absolute terms, fiscal deficit at the end of 31 March, 2019, stood at 6.45 trillion as against 6.34 trillion in the revised estimates of Budget.

Although in absolute terms the fiscal deficit has gone up, but as a percentage of GDP the deficit figure has come down marginally, mainly on account of GDP expansion in 2018-19 -- data of which will be released later in the day.

The fiscal deficit in April stood at 1.57 trillion, or 22.3% of the budgeted target for the current fiscal year, government data showed on Friday.

Net tax receipts in the first month of the fiscal year were 71,637 crore, while total expenditure was 2.55 trillion, government data showed.

The government has set a fiscal deficit target of 3.4% for FY20, which was same as FY19.

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