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India’s 2017-18 fiscal deficit to be lower than revised estimates, says finance ministry official
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
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 …
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 percent of GDP from an earlier 3.2 percent of GDP for the 2017/18 fiscal year that ended on March 31.
($1 = 65.1100 Indian rupees)
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