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.

2. FISCAL MANAGEMENT
Fiscal deficit in 2015-16 and 2016-17 retained at 3.9%
and 3.5%.
Revenue Deficit target from 2.8% to 2.5% in 2016-17
Total expenditure projected at ` 19.78 lakh crore
Special emphasis to sectors such as agriculture, irrigation,
social sector including health, women and child development,
welfare of Scheduled Castes and Scheduled Tribes, minorities,
infrastructure.
Budget 2016-17

3. Budget 2017-18
PRUDENT FISCAL MANAGEMENT
Stepped up allocation for Capital expenditure by 25.4% over
the previous year
Total resources being transferred to the States and the Union
Territories
with Legislatures is ` 4.11 lakh crores, against ` 3.60 lakh
crores in 2016-17
Fiscal deficit for 2017-18 is targeted at 3.2% of GDP and
Government remains committed to achieve 3% in the
following year.

4. Cont.…
Net market borrowing of Government restricted to
3.48 lakh crores after buyback in 2017-18, much lower
than 4.25 lakh crores of the previous year.
Revenue Deficit of 2.3% in 2016-17 stands reduced to
2.1% in the revised estimates.

5. 2016-17 2017-18
• Revenue Deficit target from
2.8% to 2.5% in 2015-16.
• Revenue Deficit of 2.3% in 2016-17
stands reduced to 2.1% in the revised
Estimates.
• Fiscal deficit for 2017-18 is
targeted at 3.2% of GDP and
government remains committed to
achieve 3% in the following year.
• Fiscal deficit in 2015-16 and
2016-17 retained at 3.9% and
3.5%.
• Total expenditure projected at
19.78 lakh crore.
• Total expenditure estimated at Rs.
21.47 lakh crore.• Net market borrowing of
Government restricted to 4.25
lakh crores of the previous year. • Net market borrowing of Government
restricted to ` 3.48 lakh crores .