Economic Survey 2018-19: General fiscal deficit pegged at 5.8 per cent in FY19
India's general fiscal deficit for the financial year 2018-19 has been pegged at 5.8 per cent in the Economic Survey 2018-19 report which was tabled in Parliament on Thursday.
Finance Minister Nirmala Sitharaman tabled the Economic Survey 2018-19 report in the Rajya Sabha.
"The government stood by the fiscal consolidation path," says the report.
Economic Survey 2018-19: General fiscal deficit pegged at 5.8 pc in FY19
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The general government deficit is defined as the balance of income and expenditure of government, including capital income and capital expenditure.
In February, while presenting the annual budget for 2019-20, the government had revised upward its fiscal deficit target to 3.4 per cent of gross domestic product (GDP) for 208-19 from the previously estimated 3.3 per cent budgeted target.
-ANI
First published: 4 July 2019, 12:33 IST
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