Marking a slight departure from the government’s target, the fiscal deficit for FY19 is at Rs 6.45 lakh crore, which translates to roughly 3.4% of GDP.Indis’s fiscal deficit was at Rs 8.51 lakh crore at the end of February 2019, touching 4.52% of the GDP.There are also reports that the upcoming Budget in July may revise the fiscal deficit of 3.4 per cent upwards in view of the need to step up public expenditure to beat the economic slowdown.The government also had to revise the estimated GST collection for FY19 lower by ?1 lakh crore as lowering of rates, greater leeway for small businesses and tax evasion, impacted collection.Deviating from the fiscal consolidation path as per the Fiscal Responsibility and Budget Management (FRBM) Act, the government in February’s interim Budget pegged the fiscal deficit for 2019-20 at 3.4 per cent of gross domestic product (GDP), as against the original target of 3.1 per cent.