India to stick to 2015/16 fiscal deficit target: Finance Ministry

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New Delhi | Published: December 18, 2015 12:11:19 PM

Government will stick to its budgeted fiscal deficit target of 3.9 percent of GDP for the fiscal year ending in March 2016, the finance ministry said in a report on Friday.

ARUN JAITLEYGovernment will stick to its budgeted fiscal deficit target of 3.9 percent of GDP for the fiscal year ending in March 2016, the finance ministry said in a report on Friday. (PTI)

Government will stick to its budgeted fiscal deficit target of 3.9 percent of GDP for the fiscal year ending in March 2016, the finance ministry said in a report on Friday.

The government hopes to hit the target without cutting expenditure or deferring tax refunds, Finance Minister Arun Jaitley had said earlier this week.

In this year’s budget in February, Jaitley had pledged to narrow the deficit to 3.9 percent of GDP in this fiscal year from 4.0 percent in 2014/15.

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