https://www.taxtmi.com/news?id=3388 The Government committed to fiscal consolidation to reduce the fiscal deficit from 5.9% of GDP (RE 2011-12) to 5.1% of GDP (BE 2012-13) via expenditure restraint and enhanced revenue mobilization, supported by an amendment to the FRBM Act; strategy includes reprioritizing expenditure toward developmental outlays, curtailing non-developmental spending growth, and increasing gross tax revenue as a percentage of GDP. en-us Wed, 23 May 2012 11:00:48 +0530 Wed, 23 May 2012 11:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3388 The Government committed to fiscal consolidation to reduce the fiscal deficit from 5.9% of GDP (RE 2011-12) to 5.1% of GDP (BE 2012-13) via expenditure restraint and enhanced revenue mobilization, supported by an amendment to the FRBM Act; strategy includes reprioritizing expenditure toward developmental outlays, curtailing non-developmental spending growth, and increasing gross tax revenue as a percentage of GDP. News - Wed, 23 May 2012 11:00:48 +0530 https://www.taxtmi.com/news?id=3388