Fiscal deficit likely to come down to 4.7 pc in 2013-14
February 09, 2014  12:40
Fiscal deficit is likely to be contained at 4.7 per cent of GDP in 2013-14 because of better-than-expected response to the ongoing auction of telecom spectrum, a top finance ministry official said.    

"Fiscal deficit will be restricted at 4.7 per cent, but it will happen by credible means. The realisation from spectrum auction will help better the number," the official told PTI.     

The government had budgeted to bring down fiscal deficit to 4.8 per cent of GDP in the current financial year, from 4.9 per cent in 2012-13.
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