Budget 2019: Government Pegs Fiscal Deficit At 3.4% In 2019-20 - 10 Points

"The estimate of incomes and expenditure which I am presenting today, pegs the fiscal deficit of the year 2019-20 at 3.4 per cent of GDP," Mr Goyal said. (Read full speech here) Fiscal deficit occurs when government revenue falls short of its expenditure. It is an indication of the total borrowings needed by the government. (Read more about what fiscal deficit means here) "Considering the need for income support to farmers, we ha...