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Question

For fiscal consolidation what are the targets for fiscal deficit (GFD) and revenue deficit (RD) in the Union Budget 2017-18?

A 1.2% and 0.5% of the GDP Correct Answer Incorrect Answer
B 3.2% and 1.9% of the GDP Correct Answer Incorrect Answer
C 4.2% and 2.9% of the GDP Correct Answer Incorrect Answer
D 3.5% and 1.2% of the GDP Correct Answer Incorrect Answer
E 5.2% and 2.9% of the GDP Correct Answer Incorrect Answer

Solution

The gross fiscal deficit (GFD) and revenue deficit (RD) are budgeted to decline by 0.3 and 0.1 percentage point to 3.2 per cent and 1.9 per cent of GDP, respectively, in 2017-18 reflecting continued commitment to fiscal consolidation. In a deviation from the amended FRBM path, the achievement of the GFD-GDP target of 3.0 per cent, however, has now been deferred to 2018-19 from 2017-18.

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