 "Arun Jaitley")
The government’s decision to borrow an additional Rs 50,000 crore in 2017-18 is likely to mean a fiscal breach, with Finance Minister Arun Jaitley unlikely to set a fiscal deficit target of no more than three per cent of gross domestic product (GDP) for FY19.
The extra borrowing implies Jaitley will have extra spending space in the Union Budget for FY19, the last full one before the 2019 general election. Experts and analysts say the Centre might spend more on the rural economy and the social sector. There could be sector-specific extra funding as well, to boost job creation.
The extra borrowing implies Jaitley will have extra spending space in the Union Budget for FY19, the last full one before the 2019 general election. Experts and analysts say the Centre might spend more on the rural economy and the social sector. There could be sector-specific extra funding as well, to boost job creation.
