Budget Box: Fiscal deficit for 2012-13 contained at 5.2%

As per Finance Minister P Chidambaram, government has contained the fiscal deficit for the current financial year at 5.2% of GDP, lower than 5.3% as was targeted. Revenue Deficit has been contained at 3.9% in the current fiscal.

Future Roadmap:

  • The Budget 2013-14 proposed to slash it to 4.8% by 2013-14 and then further bringing it down to 3% by 2016-17.
  • Revenue Deficit would be brought down to 3.3% in 2013-14 and then a further low to 1.9% by 2016-17 as proposed.

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Categories: India Current Affairs 2018

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