According to a report, the fiscal deficit has shown improvement, in the nine months of 2015- 16 it has worked out to 88 percent of annual target. If we compare it to the last year data, it was 100.2 percent at the same period.
If we talk about value terms, the April –December fiscal deficit stood at Rs 4.88 Lakh crore, or 88 percent of Budget estimates it is an improvement over period ago.
Notably, the improvement has mainly come on the account of buoyancy in tax collections in tax collections, which have kept revenue deficit in check.
