The gross fiscal deficit is expected to remain high in fiscal FY10, for the second consecutive year, Centre for Monitoring Indian Economy (CMIE) said in its monthly review here.

"We do not expect any significant upward revisions in government revenues in the final budget for FY10 which will be presented in June 2009. Expenditures may be revised upward, albeit modestly, on account of increase in government's effort to negate adverse impact of global liquidity crisis on the domestic economy," CMIE report said.