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Fiscal deficit figure provides some respite
The country’s fiscal deficit narrowed to 5.75 per cent of the gross domestic product (GDP) in 2011-12, compared with 5.9 per cent in the revised estimates, despite the actual GDP being slightly lower than that assumed in the Budget. This was because expenditure was also less than that estimated in Budget 2012-13.
Fiscal deficit stood at Rs 5.09 lakh crore in 2011-12, lower than the revised estimate
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