Tag Archives: Meeting FY17 fiscal deficit target of 3.5 per cent a challenge

Meeting FY17 fiscal deficit target of 3.5 per cent a challenge, says Citigroup

The central government’s target to bring down fiscal deficit to 3.5 per cent in 2016-17 is likely to become even more challenging, considering the rise in wage expenditure, aCitigroup report says. “Considering the rise in wage expenditure by 0.5 per cent of GDP next fiscal and a likely reduction in corporate tax rate, the central government’s target to reduce fiscal ... Read More »