New Delhi, Feb 4 : The Union Budget for Financial Year 2018-19 has focused on populism, but has slipped on fiscal front as Finance Minister Arun Jaitley failed to bring the fiscal deficit below 3.2 per cent which was the target in the last budget.
Though one can understand that this was the last full budget for the present Modi Government, and populist measures were expected in it, economist were of the opinion that Finance Minister will also emphasise on the fiscal discipline.
The Finance minster had taken credit of bringing fiscal deficit from 4.5 per cent to 3.5 per cent in last 4 years, but it is a fact that he missed his own target of bringing the fiscal deficit to 3.2 per cent in the current fiscal (2017-18).
