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FM Jaitley Failed Fiscal Consolidation Test, Says Chidambaram

The former finance minister said the fiscal deficit limit of 3.2 percent in 2017-18 had been breached and was estimated at 3.5 percent.

PTI

Updated:February 1, 2018, 3:41 PM IST
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FM Jaitley Failed Fiscal Consolidation Test, Says Chidambaram
File photo of Congress leader and former finance minister P Chidambaram. (PTI photo)
New Delhi: Congress leader P Chidambaram today said Finance Minister Arun Jaitley had failed the fiscal consolidation test in Budget 2018-19 and this would have serious consequences.

The former finance minister said the fiscal deficit limit of 3.2 percent in 2017-18 had been breached and was estimated at 3.5 percent.

"The finance minister fails the fiscal consolidation test and this failure will have serious consequences," Chidambaram told PTI soon after the finance minister completed his budget speech.

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| Edited by: Tarun Bhardwaj
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