Summary:
It also aims to maintain a fiscal deficit of 2.07% in 2019-20, 1.85% in 2020-21 and 1.80% in 2021-22. The proposed revenue and fiscal deficits will be well below the 3% limit prescribed by the 14th Finance Commission. Amid implementation of the 7th Pay Commission and expenditure on drought mitigation measures, the revenue deficit for 2019-20 is estimated at Rs 20,292.94 crore. He informed that the government has taken a slew of steps to bring revenue deficit under control. Mungantiwar has estimated revenue receipts of Rs 2.57 lakh crore for 2019-20 against Rs 2.30 lakh crore in 2018-19, a growth of 11.46%..