"The real concern emerging from the budget is that it has not given confidence as to how the government will go about the fiscal consolidation process, after hiking the fiscal deficit
target,"said Rupa Rege Nitsure, chief economist at Bank of Baroda in Mumbai.
= federal current expenditure + development expenditure (PSDP)
'I have never seen such a high fiscal deficit
in my career,' said Dr Ashfaque Hassan Khan, the former economic adviser and now dean of the business school at National University of Science and Technology (Nust), adding that the ministry of finance never focused on expenditure control while revenues were heading to historic shortfalls.
To determine the validity of this argument, this study aims to investigate the relationship between fiscal deficit
and economic growth among ASEAN countries in pre- and post-GFC periods.
Government has not asked funds from its surplus reserves to meet fiscal deficit
." He was replying to a query if the government approached the RBI for extra funds from surplus reserves to meet fiscal deficit
He said a well-managed and sustainable fiscal deficit
would strengthen Malaysia's economy and the country will not need to borrow again.
As the May 28, 2018 monetary policy statement admits, with projected fiscal deficit
of 5.8% of gross domestic product (GDP) for full FY18 and a trade deficit of 11% of GDP recorded in first 10 months of the year, the economy is stuck in the twin deficits.
Summary: Lebanon must work to counter an "unsustainable" fiscal deficit
amid slow economic growth wrought by years of war in neighboring Syria, a top International Monetary Fund official told Reuters in a report published Wednesday.
2016-17 could also failed to mitigate the fiscal deficit
as total yearly deficit recorded during the year was 239 million rupees while the income was just 106 million and expenses rose high as 345 million rupees.
While the overall budget deficit to remain broadly stable ADCB's economists forecast that Saudi Arabia's fiscal deficit
in 2018 will be equivalent to about 8.6 per cent of 2018 GDP, down from 8.9 per cent in 2017.