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Govt must slash spending by Rs 1 trillion to meet fiscal target: Barclays

Jan 09 2014, 17:54 IST
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It is still possible to meet the target if the government remains determined to contain expenditures during the December-March period, Barclays said in a report. It is still possible to meet the target if the government remains determined to contain expenditures during the December-March period, Barclays said in a report.
SummaryDuring the April-November period, fiscal deficit touched as much as 94 per cent of the budgeted target.

reducing Central assistance for the states, and cutting or delaying payments on some social/economic programmes would make it feasible for the government to reduce overall spending enough to meet its deficit target," the report added.

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