However, there has been a rise in the fiscal deficit for the year 2017-18. In 2017-18, the budget estimate of fiscal deficit was Rs 24753.53 crore while the revised estimate is Rs 29091.91 crores. The budget figures now reveal that the estimated fiscal deficit for 2018-19 will be Rs 28011.21 crore which is 2.98% of the GSDP. The good thing is that the estimated fiscal deficit for 2018-19 Rs 28011.21 which is 2.98 % of GSDP and is well within the limits prescribed under FRBM. FISCAL DEFICIT:The difference between total revenue and total expenditure of the government is termed as fiscal deficit.

Source: dna February 13, 2018 00:58 UTC