NEW DELHI: The government said on Wednesday that it will borrow an additional Rs 50,000 crore from the market in the current fiscal year, triggering fears that the move may lead to a widening of the deficit target. While the Centre has reiterated its commitment to fiscal consolidation, several factors in the past few months have stoked concerns about its ability to meet the target of 3.2% of gross domestic product ( GDP ) set for the current fiscal year.There has been an uncertainty about the revenue situation. Latest data showed receipts from the Goods & Services Tax (GST) dipped to Rs 80,808 crore in November, the lowest since the introduction of the new regime in July, following cut in rates of over 200 items. The sluggish economy may also lead to a shortfall in corporation tax.The pressure to present a populist budget ahead of the 2019 general elections may also put pressure on the government's fiscal calculations. But there may be some comfort available in the revenues expected from disinvestment.For the first time, the government is likely to exceed the target of raising Rs 72,500 crore in the current fiscal.Experts say the tight fiscal situation may prompt the government to squeeze expenditure but this seems to be unlikely as it is keen to push public spending to support growth. Officials said that expenditure cut is not an option and they will review the fiscal situation in December. The government presents its last full Budget in early February. The early presentation of the Budget has enabled the government to front-load spending. Data at the end of November showed the fiscal deficit reached 96.1% of the budgeted target for the year. Economist said the extra borrowing would put pressure on the government's fiscal maths."Although the sequential dip in GST collections in November 2017 stems from the cut in rates, it is nevertheless disheartening. Moreover, the extended timelines for filing GST returns imply that the government would receive tax inflows for a large portion of indirect taxes for 11 months in FY2018," said Aditi Nayar, principal economist at ratings agency ICRA "Given the clouded outlook for revenues, sticking to the fiscal consolidation roadmap would entail compression of expenditure, which would dampen the expected economic growth recovery in Q4 FY2018," she said. In the Union Budget for 2017-18, gross and net market borrowing were budgeted at Rs 5.8 lakh crore and Rs 4.23 lakh crore. The fiscal deficit is the difference between the revenue receipts and total expenditure. It measures the total borrowing requirements of government.