Govt to restrict fiscal deficit at 5.3%
Agencies: Gurgaon, Nov 08 2012, 13:52 IST
requirement, that assessment and how much we will borrow will happen only in January-February," Mayaram said.
The government is currently borrowing Rs 20,000 crore every week from the markets.
In the first half (April-September) of 2012-13, the fiscal deficit rose to Rs 3.37 lakh crore which was 65.6 per cent of the budget estimate.
Fiscal deficit scenario worsened for government on account of lower tax realisation and poor response to disinvestment programme.
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