Sitharaman’s FY 23 fiscal deficit target not as out of reach as it seems
- Yet, bringing the fiscal deficit to 6.4% in FY23 is not a straightforward choice for Finance Minister Sitharaman.
Mint has reported that Finance Minister Nirmala Sitharaman has plans to stick to the fiscal glide path that she first presented – somewhat tentatively, given what lay ahead was uncertain and unpredictable at that time – in last year’s Union Budget. At the time of presenting this year’s budget, she had reaffirmed that she wanted to stay on that path without committing to it in the fiscal statement placed in Parliament along with the budget papers as required by the FRBM (Fiscal Responsibility and Budget Management) Act.
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