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Home News News and Press Release Month 7 2014 2014 (7) This

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Fiscal deficit for 2013-14 contained at 4.5% of the GDP
9-7-2014
  • Contents
  • Wholesale Price Index inflation falls to a three year low of 5.98% during 2013-14
  • Consumer Price Inflation also signs of moderation
  • Both, Wholesale and Consumer Price Inflation, expected to go downward
  • Fiscal consolidations remains imperative for the economy, says the Economic Survey
  • Economy Survey recommends fiscal consolidation through higher tax-GDP ratio then merely reducing the expenditure to GDP ratio
  • Proactive policy action helped government remain in fiscal consolidation mode in 2013-14
  • Fiscal deficit for 2013-14 contained at 4.5% of the GDP
  • Total outstanding liabilities of the central and state governments decline as a proportion of GDP
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