NEW DELHI: The government's fiscal deficit has reached almost half of the full-year estimate in the first six months of FY'10. The fiscal deficit for the six-month period stood at Rs 1,97,775 crore, which is 49.3 per cent of the total estimate of Rs 4,00,996 crore for this fiscal. The fiscal deficit during the same period last year was at 77 per cent of the annual estimate. It swelled to 6.2 per cent...
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Prima facie, the fiscal position of the Centre has taken a hopeful turn, with both the revenue deficit and the fiscal deficit as of end-September 2009 constituting 58.4% and 49.3% of the Budget estimates for 2009-10.At this point a year ago, revenue deficit had soared to 141.9% of that year's projection and fiscal deficit to 77%.To be sure, revenue buoyancy is conspicuously missing but with expenditure...
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The government's fiscal deficit has reached almost half of the full-year estimate in the first six months of FY10.The fiscal deficit for the six-month period stood at Rs 1,97,775 crore, which is 49.3 per cent of the total estimate of Rs 4,00,996 crore for this fiscal.The fiscal deficit during the same period last year was at 77 per cent of the annual estimate. It swelled to 6.2 per cent of the Gross...
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The government's fiscaldeficit has reached almost half of the full-year estimate in the first sixmonths of FY'10.The fiscal deficit for the six-month period stood atRs 1,97,775 crore, which is 49.3 per cent of the total estimate of Rs 4,00,996crore for this fiscal.The fiscal deficit during the same period lastyear was at 77 per cent of the annual estimate. It swelled to 6.2 per cent ofthe Gross Domestic...
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today expressed hope that the economy would grow by over seven per cent in the next fiscal and India would revert to the path of fiscal consolidation as the high fiscal deficit cannot be sustained in the long run. "In the next year, we will have growth projection of more than seven per cent," Mukherjee told reporters after G-20 Finance Ministers meeting in Scotland. With regard to the current fiscal,...
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NEW DELHI: The central government’s fiscal deficit has reached almost half of the full-year estimate of Rs 4,00,000 crore in the six months up to September as the government continued with its tax cuts and higher expenditure aimed at stimulating the economy. The Budget presented in July this year had projected a deficit of 6.8% of GDP for the financial year. The deficit during the same period last...
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Finance Minister Pranab Mukherjee has said that India will not be able to sustain high fiscal deficit in the long run, but he did not give any timeframe for withdrawing the stimulus measures that inflated the deficit.As Prime Minister Manmohan Singh shared with industry leaders in New Delhi on Sunday, his government's intent to wind down stimulus measures next year, Mukherjee told reporters in St.Andrews,...
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Finance Minister Pranab Mukherjee has said that India will not be able to sustain high fiscal deficit in the long run, but he did not give any timeframe for withdrawing the stimulus measures that inflated the deficit.As Prime Minister Manmohan Singh shared with industry leaders in New Delhi on Sunday, his government's intent to wind down stimulus measures next year, Mukherjee told reporters in St.Andrews,...
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has said that India will not be able to sustain high fiscal deficit in the long run, but he did not give any timeframe for withdrawing the stimulus measures that inflated the deficit.As Prime Minister Manmohan Singh shared with industry leaders in New Delhi on Sunday, his government's intent to wind down stimulus measures next year, Mukherjee told reporters in St.Andrews, Scotland, that he had already...
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Finance Minister Pranab Mukherjee has said that India will not be able to sustain high fiscal deficit in the long run, but he did not give any timeframe for withdrawing the stimulus measures that inflated the deficit.As Prime Minister Manmohan Singh shared with industry leaders in New Delhi on Sunday, his government’s intent to wind down stimulus measures next year, Mukherjee told reporters in St.Andrews,...
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