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Friday, July 11, 2014

IT'S A FISCAL GAME

Jul 11 2014 : The Economic Times (Bangalore)
IT'S A FISCAL GAME


Jaitley's acceptance of predecessor P Chidambaram's fiscal deficit target of 4.1% for 2014-15 shows political maturity that makes for continuity in policy from the previous government where it is warranted
FM Sticks To Consolidation Road Map The budget assumes a somewhat optimistic growth in taxes, record high disinvestment and a reduction in fuel subsidies.
All these are not without risks and if these asumptions go wrong, expenditure cuts will be needed to meet the target.

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