The Budget proposal for year 2019-20 projects total expenditure of Rs 27.8 lakh crore against receipt of Rs 20.8 lakh crore. This implies shortfall of Rs 7 lakh crore corresponding to 3.4% of GDP. For 2018-19, budget seems to have largely met its target with fiscal deficit being only marginally higher at 3.4% against projected 3.3% […]
