What is fiscal management? 

 Increase in allocation for capital expenditure by 25.4 percent over the previous year. A total of resources of Rs 4.11 lakh crore will be transferred to the States and Union Territories having Legislature while Rs 3.60 lakh crore was transferred in the Budget Estimates for 2016-17.


Keeping in mind the Sustainable Debt target and the need for public investment, a target has been set to keep the fiscal deficit at 3.2 per cent of GDP for 2017-18 and the Government will achieve the 3 per cent figure for the next year, 2018-19. Is committed to. 


 In 2017-18, the government's net market borrowing was fixed at Rs 3.48 lakh crore, which is significantly lower than the Rs 4.25 lakh crore in the previous year. The budget estimate was a revenue deficit of 2.3 percent in 2016-17, which has been reduced to 2.1 percent in the revised estimate.

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