Higher fiscal deficit due to Budget being advanced, was expected: Chief Statistician

Chief Statistician TCA Anant said it was a conscious policy reform and the surprise about its impact on fiscal deficit was "befuddling" because the move had led to expenditure profile shifting towards the beginning of the year with revenue profile remaining the same.

Higher fiscal deficit due to Budget being advanced,
India`s budgetary fiscal deficit for the first seven months of 2017-18 stood at 96.1 per cent. Representational photo: Image source: Pixabay

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