Govt set to miss fiscal deficit target

In a note, Bank of America Merrill Lynch, however, said the fiscal “risks are overdone.” “We expect the government to target a fiscal deficit of 3.5 per cent for FY20, after ending FY19 at 3.7 per cent, 0.40 per cent higher than the target,” the note said. The Centre has not met the fiscal targets in all these years, barring in FY15 when it improved upon its own target by a tad, and missing it marginally in the rest of the years. As of November, it has used up 115 per cent of its budgeted market borrowings amidst slowing GST collections and a poor show on the divestment side.