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Fiscal deficit for 2017-18 pegged at 3.2 of GDP and to achieve 3 in 2018-19

Budget - Dated:- 1-2-2017 - Total expenditure for 2017-18 has been placed at ₹ 21.47 Lakh Crore States and the Union Territories with legislatures allocated Rs. 4.11 Lakh Crore in 2017-18, as against ₹ 3.60 Lakh Crores in be 2016-17 Defence expenditure excluding pensions provided a sum of ₹ 2,74,114 Crore including ₹ 86,488 Crores for Defence Capitalwhile scientific ministries allocated Rs. 37,435 Crore in 2017-18. Greater focus on quality of expenditure and higher tax re .....

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public expenditure in the context of sluggish private sector investment and slow global growth, the Finance Minster Shri Jaitley has pegged the fiscal deficit for 2017-18 at 3.2% of GDP and further committed to achieve 3% in the following year i.e. 2018-19. The Union Finance and Corporate Affairs Minister Shri Arun Jaitley further said that he has stepped-up the allocation for Capital expenditure by 25.4% over the previous year with the aim of fiscal consolidation, without compromising the requ .....

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