Multiple choice Fiscal deficit as a percentage of GDP in the Union Budget, 2007-08 is estimated at 3·8 per cent 4·0 per cent 3·3 per cent 4·5 per cent Reveal answer Fill a bubble to check yourself C Correct answer Explanation The Union Budget 2007-08 estimated the fiscal deficit at 3.3% of GDP. This was a key fiscal indicator presented in the budget documents, reflecting the government's borrowing requirements relative to the size of the economy.