Press Esc to close
Monday 21 August 2017
News updated at 11:30 AM IST

Fiscal deficit would be 5.2 percent of GDP: Chidambaram

New Delhi, Feb 28, 2013 (IANS) 12:36 IST
Finance Minister P.Chidambaram Thursday said the fiscal deficit for 2012-13 is estimated to be 5.2 percent of the gross domestic product (GDP).

According to the finance minister, the targeted fiscal deficit is pegged at 4.8 percent for the upcoming fiscal.

He further said that revenue deficit for the current fiscal is estimated to be 3.9 percent while that of the upcoming financial year would be 3.3 percent.

"We must redeem our promise by reducing fiscal deficit by 3 percent by 2016-17," Chidambaram said, presenting the union budget 2013-14 to the lower house of parliament.

Go to Top

Photo Gallery
A butterfly on a flower at a park in Guwahati on...

A butterfly on a flower at a park in Guwahati on...

An artist giving finishing touches to the idols of Lord Ganesha during the upcoming...

An artist giving finishing touches to the idols of Lord Ganesha during the upcoming...

Villagers fishing in the flood-hit Balimukh village in Morigaon district of Assam...

Villagers fishing in the flood-hit Balimukh village in Morigaon district of Assam...

Women take part in an attempt to break the Guinness World Record for the largest 'Disco Dance' to...

Women take part in an attempt to break the Guinness World Record for the largest 'Disco Dance' to...

A villager carrying household items submerged in flood waters, at the flood-hit Balimukh...

A villager carrying household items submerged in flood waters, at the flood-hit Balimukh...

Legend cricketer Sachin Tendulkar with his fans during the 2nd edition of Mumbai Half Marathon...

Legend cricketer Sachin Tendulkar with his fans during the 2nd edition of Mumbai Half Marathon...

Fruit vendors row a boat as they look for customers inside the Dal Lake in Srinagar, the summer...

Fruit vendors row a boat as they look for customers inside the Dal Lake in Srinagar, the summer...

Bollywood actor Ranveer Singh walking the ramp at the Lakme Fashion Week Winter Festive 2017...

Bollywood actor Ranveer Singh walking the ramp at the Lakme Fashion Week Winter Festive 2017...

A flower composition is seen during the 48th Debrecen Flower Festival in Debrecen, 226 kms east...

A flower composition is seen during the 48th Debrecen Flower Festival in Debrecen, 226 kms east...

Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.