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Fiscal deficit can touch 3.6-3.7% of GDP breaching budgeted figure

By Indian Mandarins- 07 Dec 2019
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The decision of the RBI to pause and wait for Budget numbers seems to have convinced the market that the central bank suspects the fiscal deficit numbers would be breached by some margin and there would be extra borrowing.

Given the current conditions, fiscal deficit can go to 3.6-3.7 per cent of GDP and not 3.3 per cent as budgeted. The extra borrowing could be in the range of Rs 50,000-80,000 crore to bridge this deficit. Even as the short-term money market rates have fully reflected. RBI waiting for Budget numbers has surprised the bond market.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.