Economic review meet: Government confident of maintaining 3.3 fiscal deficit, says Arun Jaitley
Arun Jaitley was confident of surpassing 7-7.5 per cent GDP growth rate which was projected in last budget presented on February 1.
"The government is confident that we will have a growth rate higher than what we had projected earlier this year in the Budget. The inflation is broadly under control", Jaitley added further. The finance minister was affirmative that the impact of demonetisation, GST implementation and measures taken to curb black money has made a phenomenal increase in the tax base.
Speaking about the indirect tax side, Jaitley mentioned that the GST is settling down and a pick up in consumption will boost collection in the months to come. “We are confident that between direct and indirect tax collections, the government will comfortably meet the target if not surpass it,”he said, adding the Rs 1 lakh crore disinvestment target will be surpassed.
At the Saturday’s meeting detailed presentation were made on the above mentioned topics by Departments of Economic Affairs, Revenue, Expenditure and Disinvestment.
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