Government has achieved fiscal targets of 3.9 percent for Financial Year 2015-16. As per initial estimates, the fiscal deficit for the year is expected to be within 3.9 percent.<br/><br/>In a statement, Finance Ministry said the receipts of tax revenues are also on track and the revised estimate targets are expected to be fully met. The disinvestment target of 25 thousand crore rupees has also been achieved.<br/> <br/>The Plan Expenditure for the period is expected to be around 4.7 lakh crore rupees which is higher than the Budget Estimate of 2015-16 and also higher than the actual plan expenditure in 2014-15. The Ministry reiterated its commitment to the path of fiscal consolidation.
News On AIR | April 1, 2016 9:47 PM
Government achieves fiscal targets of 3.9 percent for Financial Year 2015-16