Economy 2019 Budget LIVE

Economy, interest rates and the stock markets react instantaneously to Budget proposals. The Finance Minister has to be prudent about how the rupee will be spent and invested as this will affect the fiscal deficit. A fiscal deficit occurs when a government's total expenditure exceed the revenue that it generates, excluding money from borrowings. Deficit is different from debt, which is an accumulation of yearly deficits. The interim Budget presented in February revised upward the fiscal deficit target to 3.4 percent from 3.3 percent of GDP estimated earlier for 2018-19. The extent of the deficit and the means of financing it influence the money supply and the interest rate in the economy.

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Economy 2019 - Total results - 41