April-January fiscal deficit reaches 128.5% of Rs 7.67 lakh crore revised FY20 target

The fiscal deficit is the shortfall in a government's income compared with its spending. It essentially means that the government is spending beyond its means. The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020.

from Economy-News-Economic Times https://ift.tt/32z2j2Z