Rs 90k cr shy of revenue target, govt may slash expenditure

Dec 28 2013, 12:33 IST
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SummaryCentre could be as aggressive as last year in slashing expenditure this fiscal with estimates suggesting a Rs 90,000-crore shortfall in revenue receipts.

are sums that lie unutilised there. Till October 2013, fiscal deficit had reached 84.4% of budget estimates. The government could roll over some of the expenses to next year and ask for special dividends, but that may not bring in the required funds. Ultimately, the axe will fall on expenditures. The situation is as bad as last year and there is no way to crank up growth beyond 5%," DK Joshi, economist at CRISIL, said.

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