Need judicious mix of revenue & expenditure: FM

India Infoline News Service | Mumbai |

The current acceptable level for fiscal gap is 3% of GDP. Revenue foregone is not considered in calculation of fiscal deficit, Jaitley said

Finance minister Arun Jaitley today said that fiscal gap has to be maintained at the acceptable level.
The current acceptable level for fiscal gap is 3% of GDP. Revenue foregone is not considered in calculation of fiscal deficit, Jaitley said.
According to the minister, states are doing a better job than the Centre in controlling fiscal gap. We still need to continue some tax breaks.
A judicious mix of revenue and expenditure is required, Jaitley further said.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.