Fiscal Deficit will be at 3.4% of GDP this year: Piyush Goyal

Finance Minister Piyush Goyal today said the fiscal deficit will be at 3.4 per cent of GDP this year.

Presenting the Budget for 2019-20 in the Lok Sabha, Goyal also said that current account deficit is likely to be 2.5 per cent of GDP this year.He further said India attracted USD 239 billion in FDI (foreign direct investment) in the last five years.

Stating that the government had “undertaken path-breaking structural reforms by introducing GST and other reforms”, he said that the NDA government has been able to rein inflation.

“If we had not controlled inflation, our families would have been spending 35-40 per cent more on daily use items,” Goyal said.