While the fiscal deficit-GSDP ratio is within the regulatory limits, revenue deficit is breaching these limits and continuous revenue deficits are a cause of concern,” he adds. “The government’s FY17 revenue and fiscal deficit is pegged at 1.16 per cent and 2.96 per cent of GSDP respectively. In the revised budget 2016-17, the government forecast a revenue deficit of Rs. 15,854.47 crore, its fourth straight year of revenue deficit. The fiscal deficit has been estimated at Rs.

Source: The Hindu July 22, 2016 00:10 UTC