Singapore: Finance minister Arun Jaitley hinted on Friday that while there was no immediate threat to the fiscal deficit, future targets could be recalibrated.
“No pause (on fiscal consolidation) but challenges arising from structural reforms which could change the glide path,” he said.
Jaitley was addressing the annual Asia Pacific meeting organised by Morgan Stanley in Singapore.
A high level committee headed by former revenue secretary N.K. Singh on fiscal discipline had recommended a glide path to bring down the fiscal deficit and debt-to-GDP ratio to 2.5% and 38.7%, respectively, by the fiscal year 2022-23 from 3.5% and 49.4% in 2016-17. (Mint News)
