India's fiscal deficit amounts to 4.5% or 1,39231 crore ($32b).
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For 2007, the budget deficit totaled $162 billion, a five-year low.
2001thru2012
A budget deficit can lead to more borrowing thereby impacting on the national debt
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The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.