{"id":86111,"date":"2019-07-06T16:53:43","date_gmt":"2019-07-06T11:23:43","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=7786"},"modified":"2019-07-06T16:53:43","modified_gmt":"2019-07-06T11:23:43","slug":"budget-briefs-fiscal-deficit-target-revised-downwards-to-3-3","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/budget-briefs-fiscal-deficit-target-revised-downwards-to-3-3\/","title":{"rendered":"Budget Briefs: Fiscal deficit target revised downwards to 3.3%"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>Finance Minister has announced the fiscal deficit target for 2019-20 at 3.3% of GDP from 3.4% set in the Interim Budget presented on February 1, 2019.<\/li><li><strong>Fiscal deficit<\/strong> 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 main reason for decrease in fiscal deficit target is that there was an increase on the revenue side while expenditure is being controlled.<\/li><li>To achieve the fiscal deficit target,the government is relying on (a)disinvestment income (b)higher taxes on the rich and (c)increased excise duties on petrol,diesel,precious metals and tobacco products.<\/li><li>The government has budgeted a higher disinvestment target for 2019-20 of \u20b91.05 lakh crore compared to the \u20b980,000 crore budgeted in the previous year.<strong>Disinvestment<\/strong> is defined as the action of an organisation or government selling or liquidating an asset or subsidiary.<\/li><li>Apart from this,the government has budgeted a dividend from the Reserve Bank of India amounting to about \u20b990,000 crore.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister has announced the fiscal deficit target for 2019-20 at 3.3% of GDP from 3.4% set in the Interim Budget presented on February 1, 2019. 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. The main reason for&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/budget-briefs-fiscal-deficit-target-revised-downwards-to-3-3\/\">Continue reading <span class=\"screen-reader-text\">Budget Briefs: Fiscal deficit target revised downwards to 3.3%<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3140],"class_list":["post-86111","post","type-post","status-publish","format-standard","hentry","category-economy","tag-fiscal-deficit","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704625266},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86111","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=86111"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86111\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}