https://www.taxtmi.com/article/detailed?id=1210 High nominal inflation inflated current price GDP and thus lowered the reported fiscal deficit to GDP ratio despite an absolute increase in the fiscal deficit; when GDP is valued at constant prices the deficit picture deteriorates. Large tax concessions and revenue write offs to the corporate sector have materially reduced receipts, while budgeted cuts to food and fuel subsidies, reliance on one time windfalls, and liberal short term capital inflows create additional fiscal and macroeconomic risks. en-us Wed, 16 Mar 2011 23:37:56 +0530 Sat, 14 Sep 2013 23:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1210 High nominal inflation inflated current price GDP and thus lowered the reported fiscal deficit to GDP ratio despite an absolute increase in the fiscal deficit; when GDP is valued at constant prices the deficit picture deteriorates. Large tax concessions and revenue write offs to the corporate sector have materially reduced receipts, while budgeted cuts to food and fuel subsidies, reliance on one time windfalls, and liberal short term capital inflows create additional fiscal and macroeconomic risks. Articles Budget - Tax Proposals Wed, 16 Mar 2011 23:37:56 +0530 https://www.taxtmi.com/article/detailed?id=1210