Fiscal deficit was retained at 3.9% in 2015-16 and 3.6% in 2016-17, and is targeted to be 3.2% of GDP in 2017-18 with a commitment to achieve 3% the following year. Total expenditure was projected to be Rs. 19.78 lakh crore in 2016-17 and is estimated to be Rs. 21.47 lakh crore in 2017-18. Revenue deficit targets were reduced from 2.8% to 2.5% in 2016-17 and further to 2.1% in revised estimates for 2017-18, while net market borrowing was restricted to Rs. 3.48 lakh crores after buyback in 2017-18.