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In blow for India, S&P affirms negative outlook, reforms key
The rating agency said the main drag on India's rating is a high fiscal deficit and heavy government borrowing, although it also said India's position had improved over the past year. #S&P #India #Manmohan Singh #fiscal deficit #Chidambaram #ExpertView
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Will keep FY14 fiscal deficit below 4.8%, says FM
India will limit the fiscal deficit for 2013/14 to below 4.8 percent of gross domestic product, the finance minister said on Wednesday. #P. Chidambaram #TheySaidIt #fiscal deficit #GDP growth #CAD
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FY13 fiscal deficit likely to be 5% of GDP; lower than estimates
India's fiscal deficit is expected to be at around 5 percent of gross domestic product, lower than the downward revised estimate of 5.2 percent for the 2012/13 fiscal year that ended in March #Numbers #Economy #Government #fiscal deficit #Tax collection
Blog posts
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Budget 2013: Weak investment demand will mark fiscal 2013-14
Fiscal 2013-14 will be characterised by weak investment demand more than anything else. #GDP #Eurozone #fiscal deficit #Budget2013
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Budget 2013: No room for tax hikes ties govt hands on revenue front
Taxes cannot be raised at a time when the economy is slowing down while it cannot be broadened as elections are due in 2014. #Numbers #GDP #fiscal deficit #Chidambaram #Taxation #Budget2013 #Union Budget 2013
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ECB, RBI traversing rough fiscal waters in same boat
ECB and RBI will do what must be done but the fact is that both the central banks have to deal with fiscal pressures using monetary tools and that by itself reduces their independence by a wide margin. #RBI #fiscal deficit #PolicyWatch #ECB
Wire
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The Express Tribune PakistanRevenue-expenditures gap: Widening budget deficit poses challenges for new govt
To finance a deficit of around 6.5%, the new government will have to borrow Rs1.6 trillion from the market. ILLUSTRATION: JAMAL KHURSHID The federal budget deficit has swelled to Rs1.286 trillion, or 5.6% of national output, in 10 months (July-April) of #Pakistan
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Moneycontrol.comObama's budget cuts deficit $1.1 trillion over decade: CBO
Near-term US deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office (CBO) this week but would be USD 1.1 trillion lower over the coming decade, CBO said on Friday. After four straig #Barack Obama #Congressional Budget Office #United States Department of the Treasury
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Channel News AsiaFalling US deficit renews austerity or growth debate
WASHINGTON: Austerity or growth? Europe's struggling economies have faced the question without fully answering it in recent years, but the United States is on track to do both. Projections unveiled this week by the Congressional Budget Office indicate th #Washington, D.C. #Europe #Congressional Budget Office