“The cash shortage in the economy is temporary because it is a consequence of government not spending enough and repayment of debt by the State Bank of India in December. Capital inflows are still strong.”
“The finance minister may announce a deficit target of about 4 percent of GDP, but spending pressures will mean that achieving such a target will be quite a challenge in fiscal 06/07.”
“The finance minister may announce a deficit target of about 4 per cent of GDP, but spending pressures will mean that achieving such a target will be quite a challenge in fiscal 06/07.”
“The finance minister is assuming an optimistic outlook for tax revenues, especially corporate taxes. He expects corporate tax collection to increase a hefty 28.4 percent, despite indications that industrial activity is rolling over. Perhaps he is betting on improving compliance.”
