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Budget 2018: Avoid ambitious fiscal deficit targets, says Economic Survey

Says market concerns over additional borrowings incorrect

Budget 2018: Avoid ambitious fiscal deficit targets, says Economic Survey
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Indivjal Dhasmana New Delhi
Chief Economic Advisor Arvind Subramanian and his team did not rule out a Union fiscal deficit wider than the targeted 3.2 per cent of gross domestic product (GDP) for the current financial year (FY18).
  
Ahead of the Budget for 2018-19, the Economic Survey for 2017-18 said that ambitious targets of fiscal consolidation for the coming pre-election year be avoided. Does that mean the target of 3.2 per cent for the next year, given in the medium-term fiscal policy statement, is ambitious? The Survey did not go into that.

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First Published: Jan 29 2018 | 10:15 PM IST

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