Chidambaram: New budget will make growth worse
Written by : SMTV24x7 | Thu, Feb 08, 2018, 10:48 PM
New Delhi, Feb 08: Modi government was slammed by Senior Congress leader P Chidambaram for a budget which would make fiscal deficit worse.
In his tweet ex-finance minister asked the government over job creation and GDP growth.
The former finance minister also said the government has projected that gross tax revenue will grow by 16.7% when nominal GDP growth will be 11.5%. He wanted to know whether the tax growth rate of 16.7% was "realistic or ambitious or aggressive".
"Budget 2018-19 has made the fiscal deficit worse: 3.5% against 3.2% in 2017-18 and 3.3% against 3.0% in 2018-19. What are the estimates of the Current Account Deficit for 2017-18 and 2018-19?" he tweeted.