<p>The Centre breached its fiscal deficit target for the second year in a row to settle at 3.4% in 2018-19, Finance Minister Piyush Goyal’s interim Budget showed Friday.</p>.<p>The government had set the target of 3.3% 0r Rs 6.24 lakh crore of fiscal deficit in the year that is concluding on March 31.</p>.<p>Last year, the fiscal deficit was at 3.5% of GDP.<br /><br /><em><strong><a href="https://www.deccanherald.com/liveblog/union-budget-2019-speech-live-interim-budget-latest-updates-715913.html" target="_blank">Union Budget 2019 LIVE - Catch the latest updates here</a></strong></em></p>.<p>Rating agencies and economists had cautioned the government against any breach of the fiscal deficit with Moody’s saying the breach would be to the tune of a percentage point.</p>.<p>However, the NDA government has to its credit bringing down the fiscal deficit from 4.1% in 2014-15 to 3.4% in 2018-19, which the economists said was remarkable.</p>
<p>The Centre breached its fiscal deficit target for the second year in a row to settle at 3.4% in 2018-19, Finance Minister Piyush Goyal’s interim Budget showed Friday.</p>.<p>The government had set the target of 3.3% 0r Rs 6.24 lakh crore of fiscal deficit in the year that is concluding on March 31.</p>.<p>Last year, the fiscal deficit was at 3.5% of GDP.<br /><br /><em><strong><a href="https://www.deccanherald.com/liveblog/union-budget-2019-speech-live-interim-budget-latest-updates-715913.html" target="_blank">Union Budget 2019 LIVE - Catch the latest updates here</a></strong></em></p>.<p>Rating agencies and economists had cautioned the government against any breach of the fiscal deficit with Moody’s saying the breach would be to the tune of a percentage point.</p>.<p>However, the NDA government has to its credit bringing down the fiscal deficit from 4.1% in 2014-15 to 3.4% in 2018-19, which the economists said was remarkable.</p>
