To put things in perspective the average fiscal deficit of Rs 63,695 crore that the government has run in the first eight months of the year is 7.7 times the fiscal deficit of Rs 8,235 crore that it needs to run over the period of December 2013 to March 2014, in order to meet the target.
#UPA#P. Chidambaram#fiscal deficit#planned expenditure
Planning Commission deputy chairman Montek Singh Ahluwalia on Saturday said that the government is looking to trim plan expenditure this year to ensure that fiscal deficit is reined in at 4.8% of GDP.The move may, however, pull down GDP growth, which fell to a four-year low of 4.4 percent in the quarter ended June 2013.
#Montek Singh Ahluwalia#fiscal deficit#Chidambaram#Plan Expenditure