Press Esc to close
Thursday 30 July 2015
News updated at 2:57 AM IST
Weather
Max: 19°C
Min : 32°C
In Bengaluru
Rain lightly

Fiscal deficit would be 5.2 percent of GDP: Chidambaram

New Delhi, Feb 28, 2013 (IANS)

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
People worship a bull during Bendur festival in Sangli on Wednesday...

People worship a bull during Bendur festival in Sangli on Wednesday...

Fire brigade and NDRF personnel rescue a person stuck in the three floor Matru-Chhaya...

Fire brigade and NDRF personnel rescue a person stuck in the three floor Matru-Chhaya...

Students of Patna Women's College wear tiger masks to create awareness to save tigers...

Students of Patna Women's College wear tiger masks to create awareness to save tigers...

Monsoon clouds over the Royal Palace in Agartala on Wednesday...

Monsoon clouds over the Royal Palace in Agartala on Wednesday...

Police firing tear gas shells to disperse protesters at a mass protest rally on the second...

Police firing tear gas shells to disperse protesters at a mass protest rally on the second...

Tamil Nadu Governor K Rosaiah pays his last respects to the former president APJ Abdul...

Tamil Nadu Governor K Rosaiah pays his last respects to the former president APJ Abdul...

School students hold up a picture in tribute to former President APJ Abdul Kalam in Gurgaon...

School students hold up a picture in tribute to former President APJ Abdul Kalam in Gurgaon...

A Military Vehicle carrying the mortal remains of former President APJ Abdul Kalam...

A Military Vehicle carrying the mortal remains of former President APJ Abdul Kalam...

Tri-services personnel carry the mortal remains of former President APJ Abdul Kalam...

Tri-services personnel carry the mortal remains of former President APJ Abdul Kalam...

Soldiers escort a gun carriage carrying the body of former Indian President A. P. J. Abdul Kalam...

Soldiers escort a gun carriage carrying the body of former Indian President A. P. J. Abdul Kalam...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523