The question is; what happens to fiscal deficit next year?
The finance minister was emphatic in underlining that the government will meet its 3.5% fiscal deficit target in the fiscal year 2015-16. He is probably right. At the current juncture, it does look like he will be able to meet the fiscal target for the year 2015-16. There are worries on the disinvestment front. Against the target of Rs.69,500 crore, they have garnered less than half the amount. Even in the collection of direct taxes, the FM has admitted that there may be a shortfall of Rs.40,000 crore. So how will this be bridged? Continue reading