Fiscal Deficit Retained at 3.9 percent in RE 2015-16 and at 3.5 percent in BE 2016-17

Adhering to the fiscal targets, the fiscal deficit in RE 2015-16 and BE 2016-17 have been retained at 3.9% and 3.5% of GDP respectively. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that he has weighed the policy options of either in favour of fiscal consolidation and stability or for a less aggressive consolidation and for boosting growth. He has decided that prudence lies in adhering to the fiscal targets but while doing so, it has been ensured that the development agenda has not been compromised.

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Fiscal consolidation maintained under budget targets, balancing deficit control with preservation of development spending priorities. Fiscal deficit targets are retained for RE 2015-16 and BE 2016-17, reflecting a policy choice to prioritise fiscal consolidation and stability while ensuring the development agenda and expenditure priorities are preserved despite adherence to the deficit ceilings.

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Fiscal Deficit Retained at 3.9 percent in RE 2015-16 and at 3.5 percent in BE 2016-17

February 29, 2016

Fiscal consolidation maintained under budget targets, balancing deficit control with preservation of development spending priorities.

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Fiscal Deficit Retained at 3.9 percent in RE 2015-16 and at 3.5 percent in BE 2016-17

February 29, 2016

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Fiscal consolidation maintained under budget targets, balancing deficit control with preservation of development spending priorities.

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