Govt sets 2017-18 Fiscal Deficit target at 3.2%
Finance Minister Arun Jaitley while presenting the Union Budget on Wednesday said that the fiscal deficit target for 2017-18 has been set at 3.2% of the GDP. The Fiscal Responsibility and Budget Management review committee has recommended a debt-to-GDP ratio of 60%, he added. Fiscal deficit represents the difference between total revenue and total expenditure of the government.