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Jaitley Says FY15 Fiscal Deficit Target 'Daunting'

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A file photo of Finance Minister Arun Jaitley

India's fiscal deficit target for the current fiscal year is "daunting", Finance Minister Arun Jaitley told lawmakers in Parliament on Friday.

India's fiscal deficit target for the current fiscal year is "daunting", Finance Minister Arun Jaitley told lawmakers in Parliament on Friday.

Jaitley has promised to narrow the deficit to 4.1 per cent of gross domestic product in the year to March 2015 from 4.5 per cent a year earlier.

However, many private economists have dubbed the deficit target rather optimistic, citing weak tax receipts in a sluggish economy and high government expenditure commitments.

Copyright: Thomson Reuters 2014

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