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Govt Confident of Meeting 3.3% Fiscal Deficit Target, Says Jaitley After Meeting With PM Modi

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Finance Minister Jaitley said the income tax collections have been robust with expanding base and collections will exceed budgetary targets.

PTI

Updated:September 15, 2018, 8:26 PM IST

File image of Prime Minister Narendra Modi and Finance Minister Arun Jaitley. (PTI Photo)

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New Delhi: The government will stick to the fiscal deficit target of 3.3 per cent this fiscal as it expects buoyant tax revenues and exceeding disinvestment target, Finance Minister Arun Jaitley said on Saturday.

Speaking to reporters after Prime Minister Narendra Modi reviewed various departments of the finance ministry, he said the government is confident of surpassing the 7.2-7.5 per cent GDP growth rate projected in the Budget for 2018-19.

“We will stick to fiscal deficit target,” he said, adding that the capital expenditure targets will also be met.

Jaitley said the income tax collections have been robust with expanding base and collections will exceed budgetary targets.
The Goods and Services Tax (GST), he said, is settling down.

He also exuded confidence of surpassing the Rs 1 lakh crore target from disinvestment proceeds.

| Edited by: Padmaja Venkataraman

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Source: News18

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