Govt is confident and will strictly maintain 3.3% fiscal deficit target: Arun Jaitley

Finance Minister Arun Jaitley on Saturday said that the govt is confident of a growth rate and will strictly maintain 3.3% fiscal deficit target.

Speaking to the media after PM  Modi reviewed various departments of the finance ministry, he said the government is confident of surpassing the 7.2-7.5 percent GDP growth rate projected in the Budget for 2018-19.

“As far as capital expenditure is concerned, already we have spent about 44% of the budgeted expenditure till 31 August & we’ll end the year without any cuts & will maintain the 100% capital expenditure.” Jaitley added.

Talking about GST, the finance minister said that GST is settling down. “With regard to GST&other indirect taxes, GST is settling down&with the kind of pickup in consumption which has taken place, it will have an impact on GST collection in future months&we’re confident that b/w direct&indirect tax collections, govt would comfortably meet target,” he was quoted as saying by ANI.

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


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