NEW DELHI: The financial affairs secretary on Monday said that the rustic's fiscal and revenue deficits can be less than the revised estimates for the 2017/18 fiscal yr.
After taking into consideration nearly all revenues and expenditure, "I can confirm that both fiscal deficit and revenue deficit are lower than the revised estimates for 2017/18," Subhash Chandra Garg said on Twitter.
India revised its fiscal deficit target to 3.5 in keeping with cent of GDP from an earlier 3.2 in keeping with cent of GDP for the 2017/18 fiscal yr that ended on March 31.
Earlier, Finance Secretary Hasmukh Adhia told journalists India has raised Rs 9.95 lakh crore ($152.82 billion) in direct taxes in 2017/18 compared with a suite target of Rs 9.eight lakh crore.
After taking into consideration nearly all revenues and expenditure, "I can confirm that both fiscal deficit and revenue deficit are lower than the revised estimates for 2017/18," Subhash Chandra Garg said on Twitter.
India revised its fiscal deficit target to 3.5 in keeping with cent of GDP from an earlier 3.2 in keeping with cent of GDP for the 2017/18 fiscal yr that ended on March 31.
Earlier, Finance Secretary Hasmukh Adhia told journalists India has raised Rs 9.95 lakh crore ($152.82 billion) in direct taxes in 2017/18 compared with a suite target of Rs 9.eight lakh crore.
2017-18 fiscal deficit to be lower than revised estimates: Finance ministry official
![2017-18 fiscal deficit to be lower than revised estimates: Finance ministry official]()
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April 03, 2018
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