The Centre on Friday revised upwards the fiscal deficit target for 2018-19 to 3.4 per cent of the GDP, from the previous target of 3.3 per cent.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The announcement was made by acting Finance Minister Piyush Goyal while presenting the Interim Budget for 2019-20 with the general elections due to take place within months.

Watch This Zee Business Tweet Video 

Global ratings agency Fitch on Thursday warned against higher pre-election spending announcements in the upcoming Interim Budget which could risk a second consecutive year of fiscal slippage.