FinMin to claim deficit target met

Union Finance Minister P. Chidambaram is all set to report a fiscal deficit of 4.65 per cent of the Gross Domestic Product for the current fiscal when he presents the Vote-on-Account in the Lok Sabha on February 17. Highly-placed Finance Ministry sources told The Hindu that Mr. Chidambaram would tell Parliament that the Union government managed to contain the deficit within 4.8 per cent, the “redline” he had drawn in the Budget for the current fiscal.

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