Fiscal deficit projected at 6.8% of GDP, revenue deficit estimated at 4.8% in 2009-10

The Finance Minister Shri Pranab Mukherjee has said that the fiscal deficit as a percentage of GDP is projected at 6.8% as compared to 2.5% of the Budget Estimates (BE) for 2008-09 and 6.2% as per the provisional accounts of 2008-09. Presenting the General Budget for 2009-10 in Lok Sabha today, Shri Mukherjee assured that the government will address the issue in right earnest to come back the path of fiscal consolidation at the earliest as this level of deficit was a matter of concern.

Source : Equity Bulls

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