Multiple choice

Fiscal deficit as a percentage of GDP in the Union Budget, 2007-08 is estimated at

  1. 3·8 per cent

  2. 4·0 per cent

  3. 3·3 per cent

  4. 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.