Fiscal deficit won't exceed 6.8 percent, asserts Ahluwalia

Fiscal deficit won't exceed 6.8 percent, asserts Ahluwalia

Tuesday, 25 August 2009, 02:30 Hrs
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New Delhi: India's fiscal deficit this year will not exceed 6.8 percent, Planning Commission Deputy Chairperson Montek Singh Ahluwalia said here Monday.

"Deficit will not be more than 6.8 percent in the current fiscal," Ahluwalia told reporters here.

His remarks come amid rising concerns that high government spending would lead to India's fiscal deficit ballooning this year.

In the budgetary estimates for 2009-10, the fiscal deficit was projected at 6.8 percent.

Ahluwalia also said the first full meeting of the Planning Commission, chaired by Prime Minister Manmohan Singh, will be held Sep 1.

"The first full meeting of the Planning Commission will be held Sep 1. The main topic of discussion will be the state the economy," he said.
Source: IANS
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