Fiscal deficit won't exceed 6.8%: Ahluwalia

Last Updated: Tue, Aug 25, 2009 02:42 hrs

New Delhi: India's fiscal deficit this year will not exceed 6.8 per cent, Planning Commission Deputy Chairperson Montek Singh Ahluwalia said here Monday.

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"Deficit will not be more than 6.8 per cent in the current fiscal," Ahluwalia told reporters here.

His remarks come amid rising concerns that high government spending would lead to India's fiscal deficit ballooning this year.

In the budgetary estimates for 2009-10, the fiscal deficit was projected at 6.8 per cent.

Ahluwalia also said the first full meeting of the Planning Commission, chaired by Prime Minister Manmohan Singh, will be held Sep 1.

Economy likely to grow 6.5-7% in FY10: Ahluwalia

"The first full meeting of the Planning Commission will be held Sep 1. The main topic of discussion will be the state the economy," he said.