Centre may meet fiscal deficit target in 2018-19

As the government may be carrying forward a minimal cash balance into FY20, there could be minimum buybacks in next fiscal, a report by SBI Research said

Rs 6.72 trn – fiscal deficit target expected for FY20 

Fiscal deficit to be 3.2% of GDP in next fiscal

3.3% – fiscal deficit seen in FY19

11.7% – expected nominal GDP growth in next fiscal

Rs 30,000-35,000 crore – worth of securities estimated to be switched to keep redemptions in check

Rs 6.05 trn – budgeted gross borrowing target for FY19

Rs 5.5 trn – aggregate borrowings by states likely in FY20

Rs 4.1 trn – estimated net borrowings in next fiscal

Rs 45,396 cr – borrowings through small savings by November 2018