Committed to fiscal deficit at 4.1 percent: Minister

New Delhi, Dec 26:

The Indian government is committed to arrest the fiscal deficit for 2014-15 at 4.1 percent of gross domestic product (GDP), Minister of State for Finance Jayant Sinha said Friday.

“We are considering all options. We are very confident that we will be able to achieve fiscal deficit target of 4.1 per cent in the current fiscal year,” he said.

The government has set a fiscal deficit target of 4.1 percent of GDP for 2014-15, down from 4.5 percent in 2013-14 and plans to reduce it further to 3 percent by 2016-17. (IANS)