A majority of the respondents in a survey said they did not believe the Centre would be able to rein in its fiscal deficit at 4.1 per cent of the gross domestic product (GDP) in 2014-15, as projected in the Union Budget.
"A majority of the respondents expect the government to exceed its fiscal deficit target for FY15," said Care Ratings about the results of its survey, which had a sample size of 88 professionals, derived from various segments such as banks, non-finance services sectors, industry and others.
As many as 56 per cent of the respondents pegged the fiscal deficit between 4.1 and 4.5 per cent of the GDP. Only 15 per cent believed the government would be able contain the deficit at 4.1 per cent. About 9 per cent also projected the deficit to exceed 4.5 per cent.
