The Government of India is on the right track to meet the fiscal deficit target of the year. The data that is released by the government has shown it.The total spending in the first two months of FY-16 is 14.8% of the budget estimate. It is lower than the last year.
Fiscal Deficit represents the difference between total revenue and total expenditure of the Government. Fiscal Deficit of India hit Rs. 2.08 lakh crore ($32.8 billion). It is 37.5 per cent of the target for the financial year 2015-16. Government of India has released this data yesterday.
Last year, for the same period, the deficit was 45.3 percent. RBI is trying to maintain the right pace to track fiscal deficit target in association with the government.