{"id":85730,"date":"2019-02-02T19:14:41","date_gmt":"2019-02-02T13:44:41","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=521"},"modified":"2019-02-02T19:14:41","modified_gmt":"2019-02-02T13:44:41","slug":"interim-budget-2019-centres-fiscal-deficit-target-goes-for-a-toss","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/interim-budget-2019-centres-fiscal-deficit-target-goes-for-a-toss\/","title":{"rendered":"Interim Budget 2019: Centre\u2019s fiscal deficit target goes for a toss"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>The Government have budgeted the fiscal deficit for 2019-20 at 3.4% of the Gross Domestic Product which is slightly higher than the target of 3.3% of GDP that the government had set itself last year.<\/li><li>Fiscal deficit is the amount of money that the government needs to borrow in a given year because their expenses were more than their revenues.<\/li><li>The deficit was expected to be higher than targeted due to a combination of revenue shortfalls and increased spending due to farmer\u2019s income support scheme announced in the current fiscal. <\/li><li>The original target of achieving fiscal deficit at 3% of GDP by 2016-17 under the Fiscal Responsibility and Budget Management(FRBM)legislation has now been pushed to 2020-21.<\/li><li>The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India&#8217;s fiscal deficit by moving towards a balanced budget and by strengthening fiscal prudence.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Government have budgeted the fiscal deficit for 2019-20 at 3.4% of the Gross Domestic Product which is slightly higher than the target of 3.3% of GDP that the government had set itself last year. Fiscal deficit is the amount of money that the government needs to borrow in a given year because their expenses&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/interim-budget-2019-centres-fiscal-deficit-target-goes-for-a-toss\/\">Continue reading <span class=\"screen-reader-text\">Interim Budget 2019: Centre\u2019s fiscal deficit target goes for a toss<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3139,3140],"class_list":["post-85730","post","type-post","status-publish","format-standard","hentry","category-economy","tag-budget-2019","tag-fiscal-deficit","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700776984,"cached_date":1704744809},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/85730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=85730"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/85730\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=85730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=85730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=85730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}