In an interview with Doordarshan News, Finance Minister Arun Jaitley said the fiscal deficit slippage this financial year (2017-18) was largely statistical. He told A K Bhattacharya that the glide path of the economy would remain consistent. Edited excerpts:
This is the first time that you have slipped in meeting your fiscal deficit target. How do you explain the slippage and what is your year-wise road map for the fiscal consolidation programme for the next few years?
You can theoretically use the word slippage, but essentially it is substantially statistical. For a 12-month year, my direct tax revenue is for