The government is quite hopeful of sticking to the fiscal consolidation path and achieving the tax revenue target fixed in the Interim Budget. The gross tax revenue is estimated to grow at 17.15% in the revised estimates for 2018-19 and at 13.5% in 2019-20. The Budget has fixed the fiscal deficit target at 3.4% for both FY19 and FY20 and reiterated its commitment of achieving 3% target by FY21. Speaking about the tax targets being realistic, finance secretary Ajay Narayan Jha in an interview with DNA Money said, "In direct tax, we have projected about 15% increase. So if I factor that in, the direct tax collection should be slightly better than the projection."

Source: dna February 05, 2019 23:26 UTC