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About Public Finance
The document summarizes key fiscal indicators and revenue trends in India's Union Budget for 2015-16. It notes that the budget aimed to balance growth stimulation, fiscal federalism through higher transfers to states, and fiscal consolidation. Major fiscal targets included a fiscal deficit of 3.9% of GDP for 2015-16, declining to 3% by 2017-18. Gross tax revenues were budgeted to increase 15.8% over 2014-15 estimates, led by a 19.5% rise in indirect taxes. The budget continued efforts toward fiscal consolidation while supporting growth through measures like higher infrastructure spending.
Detailed Information
| Author: | ['Vishwanath Reddy'] |
|---|---|
| Publication Year: | 2016 |
| Pages: | 18 |
| Language: | English |
| Format: | |
| Price: | FREE |
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