On course to meeting fiscal deficit target: Top finance ministry official
Authored By Wion Web Desk
Published: Mar 29, 2018, 06:23 IST | Updated: Mar 29, 2018, 06:23 IST
Subhash Chandra Garg
Story highlights
The economic affairs secretary said that the government now had preliminary numbers till March 28 which indicated that it was 'very close' to the revised fiscal and revenue deficits for the current fiscal year
India will meet its fiscal deficit target of 3.5 per cent of GDP for the 2017/18 fiscal year which ends in March, Economic Affairs Secretary Subhash Chandra Garg said on Thursday.
"Quite confident that fiscal deficit will be within 3.5 per cent of GDP," the top finance ministry official said.
On Wednesday, India reported a fiscal deficit of 7.2 trillion rupees ($110.42 billion) for April-February, which was 120.3 percent of the budgeted target for the current fiscal year.
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The economic affairs secretary said that the government now had preliminary numbers till March 28 which indicated that it was "very close" to the revised fiscal and revenue deficits for the current fiscal year.
(With inputs from Reuters)
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