The boost to revenue expenditure is even more this fiscal year; till end-October it is Rs1 trillion more than last year. The boost to revenue expenditure is even more this fiscal year; till end-October it is Rs1 trillion more than last year. The revenue deficit is 124.7% of the budgeted amount. The figures show that 1) the government has already given a substantial boost to the economy and 2) the government must either curb its expenditure or miss its fiscal deficit target. In any case, as Madan Sabnavis, chief economist at CARE Ratings, says, there’s no question of the central government providing a fiscal boost in the remaining part of the fiscal year.

Source: Mint December 01, 2017 02:03 UTC