Budget Box: Fiscal deficit for 2012-13 contained at 5.2%
As per Finance Minister P Chidambaram, government has contained the fiscal deficit for the current financial year at 5.2% of GDP, lower than 5.3% as was targeted. Revenue Deficit has been contained at 3.9% in the current fiscal.
- The Budget 2013-14 proposed to slash it to 4.8% by 2013-14 and then further bringing it down to 3% by 2016-17.
- Revenue Deficit would be brought down to 3.3% in 2013-14 and then a further low to 1.9% by 2016-17 as proposed.