India finmin says confident of meeting fiscal deficit target

September 16, 2018 / in.investing.com / Article Link

NEW DELHI, Sept 15 (Reuters) - India's finance minister said on Saturday that the government is confident of meeting its fiscal deficit target of 3.3 percent of gross domestic product in the ongoing fiscal year, a day after announcing a number of measures to bolster a falling rupee.

The fiscal year that ends in March 2019, will be completed without any spending cuts and the government is sure of meeting the fiscal deficit target on the back of robust tax collections, Finance Minister Arun Jaitley told reporters.

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