Fiscal deficit to be curtailed at 3% for the next three years, while it will be 3.2% of GDP in 2017-18. Net market borrowing of Government will be restricted to Rs 3.48 lakh crores after buyback in 2017-18, much lower than Rs 4.25 lakh crores of the previous year.
Revenue Deficit of 2.3% also stands reduced to 2.1% in the Revised Estimates. The Revenue Deficit for next year is pegged at 1.9% against 2% mandated by the FRBM Act
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