Govt achieves 3.9% fiscal deficit target in 2015-16 | business | Hindustan Times
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Govt achieves 3.9% fiscal deficit target in 2015-16

business Updated: Jun 01, 2016 06:14 IST
PTI

NEW DELHI: The government on Tuesday said it has achieved the fiscal deficit target of 3.9% of GDP, or Rs 5.32 lakh crore, in 201516. For 2016-17, the government aims to further bring down the fiscal deficit — the gap between expenditure and revenue — to 3.5% of GDP. The Controller General of Accounts further said that revenue deficit during the last fiscal was 2.5% of GDP.