Budget assumptions raise questions on fiscal maths3 min read 02 Feb 2019, 12:16 AM IST
Disinvestment targets ambitious, assumption of tax buoyancy unreasonable, say analysts
Govt has set a disinvestment target of Rs. 90,000 crore in FY20, despite having realized only Rs. 35,533 crore so far
Finance minister Piyush Goyal admitted fiscal slippage for the second consecutive fiscal year in 2018-19 and revised the government’s fiscal deficit target upward of 3.1% of gross domestic product (GDP) for 2019-20 to 3.4% of GDP, but the unreasonable assumption of tax buoyancy and ambitious disinvestment targets make the numbers look dodgy.
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