Budget 2015: Higher fiscal deficit, rating agencies frown at fine-print, Rating agencies have not red-flagged the Budget stretching fiscal deficit target by 0.3 percentage points to 3.9 per cent in FY16, but cautioned that higher borrowings should be used for only capacity-building in the economy.
“This is a deviation from the earlier announced fiscal consolidation roadmap. We believe a higher fiscal deficit as such is not harmful, so long as the borrowed money is used for expanding the productive capacity of the economy,” India Ratings said in a statement....Read More
“This is a deviation from the earlier announced fiscal consolidation roadmap. We believe a higher fiscal deficit as such is not harmful, so long as the borrowed money is used for expanding the productive capacity of the economy,” India Ratings said in a statement....Read More
