Fiscal deficit target optimistic

We believe some of the other expenditure such as bank recapitalisation, petroleum, and fertiliser subsidy to require an upward revision that will push the overall expenditure

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Interim Budget 2019: Finance Minister Piyush Goyal will present the Budget

Naresh Takkar

Last Updated : Feb 02 2019 | 11:32 PM IST

While the government reiterated its commitment of achieving the fiscal deficit target of 3 per cent of gross domestic product (GDP) by 2020-21 (FY21), it has nominally revised upwards the fiscal deficit to 3.4 per cent for 2018-19 (FY19) and 2019-20 (FY20), despite a sizeable outlay on the income-support scheme for small farmers aggregating to Rs 20,000 crore in FY19 and additional Rs 75,000 crore for FY20.

The overall revenue receipt growth is budgeted at 14 per cent. However, growth in some of the revenue receipts such as the central goods and services tax (CGST) has been assumed much higher

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