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Chitika

Monday, March 1, 2010

How will India reduce its fiscal deficit in near future.?

The Budget 2010-11  estimates the fiscal deficit number to go down to 5.5 per cent by the end of the next financial year.This is sought to be achieved by:

>reduction in total expenditure by 0.6 percent of GDP,
>Increase in gross tax revenue by 0.4 percent of GDP
>Increase in non-debt capital receipt by 0.6 percent of GDP

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