GoI is confident of attaining the fiscal deficit target of 3.5 percent for 2016-2017.
India's fiscal deficit at the end of February 2016-17 was Rs 6.05 lakh crore, which was 113.4 per cent of the full-year target, on account of lower realisation on non-tax revenues.
The fiscal deficit, which is a gap between government’s total receipts and expenditure, at the end of February was higher when compared with 107.4 per cent in the similar period of the previous fiscal.
Finance Minister Arun Jaitley in the Budget had set the fiscal deficit target at 3.5 per cent for FY 2016-17, after achieving the preceding year’s target of 3.9 per cent.
