Reining in fiscal deficit must, says FM

Faced with a widening fiscal deficit due to a dip in revenue and growth in expenditure, Finance Minister Pranab Mukherjee, on Saturday, called for containing the shortfall, saying it should be within a ‘manageable limit’.

“We cannot allow our fiscal deficit to go beyond a certain limit. We need to manage our receipts and payments so that our fiscal deficits, sovereign borrowings and debts are within manageable limits,” Mukherjee said while inaugurating the administrative building of income tax department.