Poket News

Govt set to under-achieve fiscal deficit target by 20 basis points

 

  • The government is set to under-achieve the fiscal deficit target by 20 basis points at 6.6 per cent on an overall robust revenue collection, according to a report by rating agency India Ratings.
  • The report said, higher tax and non-tax revenue collections this fiscal are expected to more than offset the likely shortfall in disinvestment revenue, leading to the fiscal deficit printing at 6.6% of GDP, which is 20 basis points lower than budgeted.