Strictly implement Fiscal discipline, without compromising on funds availability for development work and asset creation

Fiscal deficit as a percentage of GDP has been reduced from 4.5 % in 2014 to 3.4 % in the year 2018-2019, the Finance Minister reported while presenting the budget this year. This has been maintained without compromising on fund availability as total expenditure has been increased from 18 Lakh crores in Financial Year 2015-16 to 24 Lakh crores in Financial Year 2018-19. Yearly borrowing as percentage of GDP have decreased from 4.5 per cent in year 2013-14 to 3.5 percent in 2017-18, which shows the financial consolidation path being followed by the Government.

This promise is classified under “Adequate Progress” category.