‘Rigid, statutory fiscal targets are getting discredited globally,’ says Finance Secretary
The Hindu
Almost no country seems to adhere to fixed fiscal goals anymore, Finance Secretary T.V. Somanathan said in an interview to The Hindu, emphasising that the country’s high growth trajectory should enable a gradual decline in its debt to GDP ratio.
Almost no country seems to adhere to fixed fiscal goals anymore, Finance Secretary T.V. Somanathan said in an interview to The Hindu, emphasising that the country’s high growth trajectory should enable a gradual decline in its debt to GDP ratio. He also noted that inflationary risks haven’t disappeared so the central bank, which is reviewing the monetary policy this week, has to strike a delicate balance between growth and price rise concerns. Edited excerpts:
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