Union budget 2014-15 estimates gross fiscal deficit as percentage of GDP at _____________ (a) 5% (b) 4.5% (c) 4.1% (d) 3.0%
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HomeCorporates
Fiscal deficit at 5.5% for 2011-12, cut expenditure: Economic Survey
Corporates
Updated : March 15, 2012 16:12 IST
Shinzo Nakanishi, Managing Director, Maruti Suzuki India
Story Highlights
As the Pranab Mukherjee presents his Union Budget 2012, Industry experts give their reaction.
New Delhi : The government should take steps to reduce expenditures to check slippage in government finances though fiscal deficit is likely to come down to 4.1 per cent in 2012-13.
The Economic Survey 2011-12 tabled in the Parliament by Finance Minister Pranab Mukherjee has projected the fiscal deficit, the gap between overall revenue and expenditure, to further narrow to 3.5 per cent in 2013-14 fiscal.
The government had fixed a fiscal deficit target of 4.6 per cent of Gross Domestic Product (GDP) for the current fiscal, but it has already overshot the estimates in January. It is widely expected that the deficit for the current fiscal will be around 5.5 per cent.
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