Budget 2019: Govt lower fiscal deficit target to 3.3 per cent for FY20
5 July 2019 2:12 PM IST
The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent.
The rupee opened weak at 70.22 at the interbank forex market and then fell further to 70.32, down 29 paise over its last close.
New Delhi: Finance Minister Nirmala Sitharaman on Friday lowered the fiscal deficit target to 3.3 per cent for the current fiscal from the earlier estimate of 3.4 per cent of the GDP.
"The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent," she said while presenting Budget for 2019-20.
Read also: Union Budget 2019 LIVE: Some relief for tax payers, focus 'gaon, gareeb aur kisan'
While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent.
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