Finance Minister says debt of a country must be sustainable; seeks support of all political parties in strengthening the Government’s efforts to contain both fiscal and current account deficit https://www.taxtmi.com/news?id=3939 The government will pursue fiscal consolidation by maximising revenue mobilisation and controlling expenditure under a fiscal consolidation road map, with a challenging but attainable fiscal deficit target. Current account deficit reduction will rely on capital inflows-FDI, portfolio investment and external commercial borrowings-with FDI deemed imperative to avoid greater external borrowing. Consultative recommendations include a formal debt and fiscal management policy, maintaining a low debt to GDP ratio, improving subsidy delivery, reviewing central sponsored schemes, expanding rural banking to mobilise savings, and seeking cross party support for these measures. en-us Wed, 31 Oct 2012 12:54:34 +0530 Wed, 31 Oct 2012 12:54:34 +0530 TaxTMI RSS Generator Finance Minister says debt of a country must be sustainable; seeks support of all political parties in strengthening the Government’s efforts to contain both fiscal and current account deficit https://www.taxtmi.com/news?id=3939 The government will pursue fiscal consolidation by maximising revenue mobilisation and controlling expenditure under a fiscal consolidation road map, with a challenging but attainable fiscal deficit target. Current account deficit reduction will rely on capital inflows-FDI, portfolio investment and external commercial borrowings-with FDI deemed imperative to avoid greater external borrowing. Consultative recommendations include a formal debt and fiscal management policy, maintaining a low debt to GDP ratio, improving subsidy delivery, reviewing central sponsored schemes, expanding rural banking to mobilise savings, and seeking cross party support for these measures. News - Wed, 31 Oct 2012 12:54:34 +0530 https://www.taxtmi.com/news?id=3939