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Overestimating revenue flows pushing India's budget gap wider

India’s budgets show the government’s been fixing unrealistic revenue targets, and in the process setting itself up for falling short of fiscal deficit goals. While the government has estimated Rs 19.8 lakh crore ($280 billion) as revenue receipts for the year starting April, history shows it’s missed income targets in each of the past five fiscal years. The risk of trailing behind goals is a budget deficit that could be wider than the 3.4 per cent it estimates for both the current financial year ending March as well as the next.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/view-overestimating-revenue-flows-pushing-indias-budget-gap-wider/articleshow/67942189.cms