Question
What is the Revenue Deficit (RD) target for the FY
2018-19, in the recently introduced budget?Solution
Projected Revenue Deficit for FY 2018-19 is 416034 crore or 2.2% of GDP. Our Revenue Deficit in FY 2017-18 was 2.6%of GDP. The difference between revenue expenditure and revenue receipt is known as revenue deficit. It shows the shortfall of government's current receipts over current expenditure.
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