Profit

Is fiscal deficit heading to 9%?

PUBLISHED ON: June 3, 2008 | Duration: 3 min, 05 sec

   
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It was way back in 2002 that the Fiscal Responsibility and Management Act was passed by parliament with a target of wiping out revenue deficit by 2008 and bringing down fiscal deficit to 3 per cent. Ironically, as we head closer to that deadline, the government's finances are only getting worse, instead of getting better.
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