Budget highlights: Fiscal deficit target for 2017-18 at 3.2%


Here are the highlights of Jaitley’s Budget for the 2017/18 fiscal year that begins on April 1.




* The 2017/18 budget seeks to pursue prudent fiscal management to preserve financial stability.

*Fiscal deficit at 3.4%

*Revenue deficit stands reduced to 2.1% in Fy18




* Jaitley says India seen as an engine of global growth




* Demonetisation “a bold and decisive measure”, will make GDP bigger and lead to higher tax revenues – finance minister
* Hit to economy from government decision to outlaw high-denomination notes will be “transient”, effects of demonetisation not expected to spill over to next year
* Pace of remonetisation has picked up and will soon reach comfortable levels
* Surplus money in the banking system will lower borrowing costs, increase credit flow
*Consumer price index inflation is expected to remain within the central bank’s mandated range of 2 to 6%  Click here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s