-- http://forums.investorline.co.in/
NEW DELHI: The govenment on Tuesday admitted it may miss the 2008-09 Budget targets for fiscal and revenue deficits as the global financial crisis forced the nation to borrow and spend more. "The global financial crisis is exerting pressure on all economies, and perhaps it's likely that we may overshoot the Budget estimates," finance<http://economictimes.indiatimes.com/News/Economy/Well_miss_fiscal_revenue_deficit_goals_admits_FM/rssarticleshow/3630594.cms#>minister P Chidambaram said at a USAID conference in New Delhi. The minister, who on Monday disclosed the government will exceed its borrowing target for the first time in four years, promised it will strive to meet the target next year. As per the Budget estimates, the government should reduce fiscal deficit — excess of total expenditure over total income, excluding market borrowing — to 3% of GDP and revenue deficit — difference between the current expenditure and current receipts — to 1% of gross domestic product. http://forums.investorline.co.in/ --~--~---------~--~----~------------~-------~--~----~ Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor -~----------~----~----~----~------~----~------~--~---
