Govt will maintain 3.3 % fiscal deficit target |
India`s Finance Minister Arun Jaitley has said that government was confident and would strictly maintain the 3.3 per cent fiscal deficit target. The finance minister also said that the government expects buoyant tax revenues and exceeding disinvestment target. Speaking to reporters after Prime Minister Narendra Modi reviewed the economic situation, Jaitley said the government was confident of surpassing the 7.2-7.5 per cent GDP growth rate projected in the Budget for 2018-19. As PM Modi reviewed various departments of the finance ministry on the second day, Jaitley sounded optimistic after the meeting today. He said the income tax collections have been robust with expanding base and collections will exceed budgetary targets. The Goods and Services Tax (GST) is also settling down, he said while exuding confidence of surpassing the Rs 1 lakh crore target from disinvestment proceeds.
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