Fiscal deficit may see upward revision in budget from 3.4pc to beat slowdown.

The upcoming Budget in July may revise the fiscal deficit of 3.4 percent upwards in view of the need to step up public expenditure to beat the economic slowdown while keeping in mind tax revenue are not going to grow at the required pace to match up with increased expenditure. Fiscal deficit for 2018-19 is also pegged at 3.4 percent and the final yearly figure is awaited.

The Budget which will be presented amidst a gripping slowdown, is slated to address the concerns by taking measures for tax rationalisation, undertaking public spending in infrastructure, job creation, social and farmers' schemes.

Though the fiscal deficit figure of FY19 fiscal is yet to be out...