Fiscal deficit of 3.8% estimated in RE (Revised Estimete) 2019-20 and 3.5% for BE 2020-21. It comprises two ingredients; 3.3% for year 2019-20 and 3% for the 2020-21 budget estimates.
Deviation of 0.5%, consistent with Section 4(3) of Fiscal Responsibility and Budget Management (FRBM) Act, both for RE 2019- 20 and BE 2020-21. (Section 4 (2) of the FRBM Act provides for a trigger mechanism for a deviation from the estimated fiscal deficit on account of structural reforms in the economy with unanticipated fiscal implications.)
Return path, committing to fiscal consolidation without compromising needs of investment out of public funds, is ....
