The Lok Sabha today passed the Finance Bill, 2002, by voice vote after finance minister Yashwant Sinha asserted there would be no further rollback of budget proposals.
Replying to the debate on the Finance Bill in the Lok Sabha, Sinha said the rollback could raise the fiscal deficit to 5.4 per cent of the gross domestic product (GDP) from the budgeted 5.3 per cent. He would accordingly stress expenditure control to prevent it. However, the rollback, which would cost the government Rs 2,857 crore, did not