Home / Economy / News / IMF wants govt to be more credible, transparent on fiscal numbers

IMF wants govt to be more credible, transparent on fiscal numbers

The comments come amid allegations of the budget math not adding up with some pointing to a Rs 1.7 trillion hole in the estimates

Premium

International Monetary Fund. Photo: Reuters

3 min read Last Updated : Nov 06 2019 | 10:44 PM IST

New Delhi needs to become more "transparent" on the fiscal numbers as it is a "laggard" among the G20 peers on this front, a senior official from the International Monetary Fund said here on Wednesday.

The government has been missing its budgeted fiscal targets for the past few years and there is a need for a "credible fiscal consolidation" which is more ambitious as well, the official said, adding this is more so as government has not addressed how it will make up for the massive Rs 1.45 trillion tax giveaways in the form of corporate tax cuts.

The comments come amid

Topics : International Monetary Fund IMF on India

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in