The fiscal deficit of India would grew to about 7.8 per cent if off-budget items like bonds issued to oil companies are included, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
The Budget shows that the number is going to be 6 per cent as a fiscal deficit and this does not include about 1.7 per cent, which is the bonds etc, which are not counted, Ahluwalia said in an interview to private television channel. He also said that the year 2008-09, we started off with fiscal deficit which we thought should be 2.5 percent and then another half a percent for pay commission to be 3 per cent, he said. However, the government has been reacting to that crisis through multiple channels and a lot of action has been taken.
The Budget shows that the number is going to be 6 per cent as a fiscal deficit and this does not include about 1.7 per cent, which is the bonds etc, which are not counted, Ahluwalia said in an interview to private television channel. He also said that the year 2008-09, we started off with fiscal deficit which we thought should be 2.5 percent and then another half a percent for pay commission to be 3 per cent, he said. However, the government has been reacting to that crisis through multiple channels and a lot of action has been taken.
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