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Budget 2018: Arun Jaitley should contain fiscal deficit, says US economist

New Delhi: Finance Minister Arun Jaitley should try to achieve the fiscal deficit target and take more steps to implement projects efficiently in the forthcoming Budget, noted US-based economist T N Srinivasan has suggested.

Srinivasan, the Samuel C Park Jr Professor Emeritus of Economics at Yale University, further said there is no economic theory to link job losses to demonetisation and implementation of the Goods and Services Tax (GST).

File image of Arun Jaitley. AFP

File image of Arun Jaitley. AFP

“I expect him to contain the fiscal deficit as far as he can, take further steps to implement projects efficiently and on time,” he told PTI.

The government is aiming to contain fiscal deficit for the current fiscal at 3.2 percent of GDP. Jaitley is scheduled to present the Union Budget for 2018-19 on 1 February.

(For full coverage of Union Budget 2018, click here)

Updated Date: Jan 21, 2018 18:32 PM

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