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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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