| Log in
Photo Credit: Shah Junaid/VCCircle

Govt aims to follow fiscal glide path, says finance minister Arun Jaitley

30 November, 2017

India intends to follow the glide path as far as the fiscal deficit is concerned, the finance minister, who is scheduled to present his last full budget in February ahead of next general elections in 2019, said.

“The last three years we have an exemplary record as far as maintaining that glide path is concerned. We intend to move on that track,” Arun Jaitley said on Thursday while addressing a leadership summit organized by local media The Hindustan Times.

India aims to trim the fiscal deficit to 3.2 percent of gross domestic product in 2017/18 compared with 3.5 percent in the previous year.

Jaitley also said the government will focus on spending more in infrastructure and rural sectors.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Govt considering steps to revive economy, says finance minister Jaitley

Govt considering steps to revive economy, says finance minister Jaitley

Reuters 3 months ago
Little room for budget giveaways as note ban clouds revenue outlook

Little room for budget giveaways as note ban clouds revenue outlook

Reuters 11 months ago
Prime Minister Narendra Modi’s decision late last year to scrap high-value...
Cash woes to ease soon, can’t delay GST: Jaitley

Cash woes to ease soon, can’t delay GST: Jaitley

PTI 1 year ago
Conceding that demonetisation may create a disruption in short-term, Finance...
No Comments

Govt aims to follow fiscal glide path, says finance minister Arun Jaitley

Powered by WordPress.com VIP