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Govt hopes to stick to FY16 fiscal gap target: Jaitley

Jaitley has pledged to narrow the deficit to 3.9% of GDP in this fiscal year from 4% in FY15

Union Finance Minister Arun Jaitley speaks  in Rajya Sabha during winter session of Parliament in New Delhi

Union Finance Minister Arun Jaitley speaks in Rajya Sabha during winter session of Parliament in New Delhi

Reuters New Delhi

The Indian government hopes to stick to the budgeted fiscal deficit target for the fiscal year ending in March 2016 without cutting expenditure or deferring tax refunds, Finance Minister Arun Jaitley told lawmakers in parliament on Tuesday.

Jaitley has pledged to narrow the deficit to 3.9 percent of GDP in this fiscal year from 4.0 percent in 2014/15.

 

 

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First Published: Dec 15 2015 | 6:41 PM IST

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