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Jaitley may peg FY15 fiscal deficit at 4.3%, lower than estimates Goldman Sachs

Jul 07, 2014    

Mumbai Foreign brokerage Goldman Sachs today said it expects new Finance Minister Arun Jaitley to peg the fiscal deficit target for FY15 at 4.3 percent, up from the 4.1 percent stated by his predecessor P Chidambaram.However, the Wall Street brokerage noted that 4.3 percent will be well below its earlier assessment of 4.8 percent."We expect a fiscal deficit target of 4.3 per cent of GDP for FY15, slightly higher than the 4.1 per cent presented in the interim budget by the previous government, but lower thanour previous estimate of 4.8 per cent," it said in a statement.The previous go...

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