The correct answer is: 3% of GSDP.
Fiscal deficit is the difference between a government’s total revenue and total expenditure. It is usually expressed as a percentage of the country’s gross domestic product (GDP).
The fiscal deficit target is the amount of fiscal deficit that a government aims to achieve in a given year. The target is usually set by the government’s finance ministry.
The fiscal deficit target is important because it helps to control the government’s borrowing and spending. A high fiscal deficit can lead to inflation and debt problems.
Andhra Pradesh’s fiscal deficit target is usually around 3% of GSDP. This means that the government aims to spend 3% more than it earns in revenue in a given year.
The government of Andhra Pradesh has been able to keep its fiscal deficit under control in recent years. In 2019-20, the fiscal deficit was 2.9% of GSDP. This is lower than the target of 3%.
The government of Andhra Pradesh has taken several measures to control its fiscal deficit. These measures include:
- Increasing revenue collection
- Reducing expenditure
- Borrowing less money
The government of Andhra Pradesh is committed to keeping its fiscal deficit under control. This will help to ensure the state’s economic stability and growth.
The other options are incorrect because they are not the fiscal deficit target of Andhra Pradesh.