14 Feb 2018 20:38 IST

Jargon Express: Fiscal Deficit

Why was there such an uproar when the fiscal deficit was announced to by 3.5% for FY18?

You would have heard the term fiscal deficit tossed around a lot before, during and after the Union Budget. But what does the word mean? And why is it important? Aarati Krishnan, Editorial Consultant of The Hindu BusinessLine explains in detail.