Fiscal deficit needs be to maintained at an acceptable level - Jaitley

NEW DELHI (Reuters) - Fiscal deficit needs to be maintained at an acceptable level, the finance minister said on Tuesday, adding that a "judicious balance" should be struck between expenditure and tax collections.

Arun Jaitley was replying to a lawmaker question on the measures planned by the government to reduce the country's fiscal deficit.

Jaitley will present the general budget for the 2014/15 fiscal year on Thursday.

(Reporting by Manoj Kumar; editing by Malini Menon)