li inan e in ndia 18.31
percentage points of GDP, the State becoming increasingly clearer, the fiscal
fiscal targets for 2017-18 meant that balance vis-à-vis budget estimates will
the General Government targeted to depend on the emerging patterns of
achieve an overall improvement in their revenue expenditure in the fourth quarter
fiscal position boosted by a compression of 2017-18.
in revenue expenditure and a modest
improvement in capital expenditure. Given the complexities involved in rolling out
In the Union Budget 2018-19, Central of the GST, by late 2017-18, the governments
Government estimated a 3.5 per cent of look fairing reasonably well. Meanwhile, the
fiscal deficit during 2017-18 (against the difficulties related to paying tax and tax rates are
Budgetary target of 3.2 per cent). being resolved through rationalisation process.
For the General Government as a whole, Experts expect the new GST regime stabilising by
with the expected revenues from GST the coming fiscal 2018-19.