The scenario was different last year when the government borrowed from SBP not only to finance the fiscal deficit
, but also to retire its borrowing from the scheduled banks.
The committee felt it was best move to public debt-to-GDP ratio as a medium-term anchor for fiscal policy and recommended a glide path for fiscal deficit
till fiscal 2023 to achieve that.
Moody's reported that the fiscal deficit
is likely to increase again in 2015 to approximately 8 percent of GDP, reflecting higher wage and interest expenditures.
The US is the only advanced economy which would have a larger fiscal deficit
than an independent Scotland in 2016.
Necessary measures have been initiated to contain the fiscal deficit
and the current account deficit.
A country experiencing fiscal deficit
in its budget has to rely on both domestic and foreign borrowings which ultimately decline the self respect of the country as a whole.
In the light of the worrisome account of the Indian economy, stated above, the objective of this paper is to examine the long--term relationship between fiscal deficit
and economic performance of the Indian economy during the period 1971-72 to 2010-11 .
READING the letter from E Jackson November 17, has not changed my mind about the fiscal deficit
Just last month, subdued tax revenue and higher spending on subsidies forced the government to revise its fiscal deficit
target to 5.
3 per cent is challenging, yet doable and the government will endeavour to maximise revenue collection and contain expenditure to restrict fiscal deficit
Government Spokesman Stefanos Stefanou said today that if no measures are taken and based on the statistical data released for the first half of 2012, the fiscal deficit
will fluctuate at around 4.
Although the budget estimate for the fiscal deficit
for 2011-12 improves over the rolling target that had been set previously, this follows from optimistic forecasts of tax revenue growth and a decline in the allocation towards major subsidies.