Business Economy 03 Apr 2018 Fiscal deficit to be ...

Fiscal deficit to be lower than revised estimates for 2017-18: Garg

REUTERS
Published Apr 3, 2018, 8:42 am IST
Updated Apr 3, 2018, 8:42 am IST
India revised its fiscal deficit target to 3.5 pc of GDP from an earlier 3.2 pc of GDP for 2017-18 fiscal year.
 Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)
  Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

New Delhi: India’s economic affairs secretary on Monday said that the country’s fiscal and revenue deficits would be lower than the revised estimates for the 2017-18 fiscal year.

After taking into consideration almost all revenues and expenditure, “I can confirm that both fiscal deficit and revenue deficit are lower than the revised estimates for 2017-18,” Subhash Chandra Garg said on Twitter.

 

India revised its fiscal deficit target to 3.5 per cent of GDP from an earlier 3.2 per cent of GDP for the 2017-18 fiscal year that ended on March 31.

Earlier, Finance Secretary Hasmukh Adhia told reporters India has raised 9.95 trillion rupees ($152.82 billion) in direct taxes in 2017-18 compared with a collection target of 9.8 trillion rupees.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT