Random expenses, revenue collection and massive foreign trade deficits, huge difference Government coffers have implicated in the vicious cycle of this fiscal deficit is growing so fast that the entire Government is aphratphari to prevent a government deficit not. just run fresh ministries kharcho is the scissorsIncrease revenue by showing fear of action, but they are the beginning of the collection.
The Government in the current financial year 2012-13 fiscal deficit to 5.1 percent of gross domestic product [GDP] limit of targets. but in the year between the Government, the deficit increase enlarged kharcho. This is why the Government of GDP fiscal deficit at 5.3 percent of the Government's steps. don't see also proves effective. Government spending constantly increased and revenue collection has occurred The deficit is becoming uncontrollable.
The Government in the current financial year, the fiscal deficit is estimated to be of 13590 crores. it is a speed of moving, so come by the end of 2012 come that it reached 4, 19226 crore due to a decline in imports of RS. Bill steadily rising in the past three months being priced at Rs. compared to $ 6.1 percent. increased imports, current account deficits associated with foreign transactions Also have reached alarming levels. This increase in the fiscal deficit at all. from July-September loss of GDP current account the quarter reaching a level of 5.4 percent. earlier in the quarter was 3.9 percent. However, in General a loss of three percent from the current account should be between 2.6.
Losses due to the dangerous level of access of the Government priorities have changed the speed of its best growth increase. rather than in the next three months is to keep its deficit under control so that the Lok Sabha elections popular measures in the budget. as a result of the growing deficit informed the Reserve Bank to cut the interest rate for its effect in the next fiscal year will be difficult. the development of the first quarter of On the figures.
Instead of trying to increase the development speed of the government deficit has been entangled in the Ministry of Finance has started to take steps to reduce all possible. letter to all ministries in November to limit her to kharcho. education as essential in Ministry of Finance has cut 2,000 thousand crores. saving the defence sector to around 10,000 crores. Sources say that all ministries of social development schemes have been asked to raise resources for themselves.
Not only revenues and income-tax payers to see companies and large advances to deposit the third installment of the preceding action alert this week by the Ministry of finance. there, excise & service tax punitive action against those not declare can be deposited.
There are reasons why gold, and
Awakening Bureau, New Delhi. Central Government even if the rise in the current account deficit to sleep mainly because of value, but also many other factors important in increasing it. sharp decline in exports, the trade deficit increased in the import-export gap substantially. There was lack value of RS against the dollar has made imports expensive oil, whole.
Analysts believe that the current fiscal year's second quarter current account deficit was 5.4 percent, the Government is taking note of the figure of 47 percent gold current account deficit above. part year in 2010-11. the deficit of 74 percent in gold import. sources say that in the first half of the current fiscal year to $ 19.6 billion of gold imported In the same period of the past financial year is from 29 billion dollars in gold country.
Indeed, the sharp decline in the price of RS import bills increase heavily the country. Typically, crude oil imports in the total consumption of the country big role. of the 80 percent in the last fiscal year. oil import in opposite of sharp decline in export in foreign trade, increasing the difference.The country's trade deficit in 2012, $ 21 billion, exceeded the trade deficit in the current fiscal year. total $ 156.3 billion. this current account deficit also increased.
What is the current account deficit
When a country exports goods and services total imports of these items and more. as well as the transfer of capital from the country over foreign capital inflows, it said the current account deficit.
The Government in the current financial year 2012-13 fiscal deficit to 5.1 percent of gross domestic product [GDP] limit of targets. but in the year between the Government, the deficit increase enlarged kharcho. This is why the Government of GDP fiscal deficit at 5.3 percent of the Government's steps. don't see also proves effective. Government spending constantly increased and revenue collection has occurred The deficit is becoming uncontrollable.
The Government in the current financial year, the fiscal deficit is estimated to be of 13590 crores. it is a speed of moving, so come by the end of 2012 come that it reached 4, 19226 crore due to a decline in imports of RS. Bill steadily rising in the past three months being priced at Rs. compared to $ 6.1 percent. increased imports, current account deficits associated with foreign transactions Also have reached alarming levels. This increase in the fiscal deficit at all. from July-September loss of GDP current account the quarter reaching a level of 5.4 percent. earlier in the quarter was 3.9 percent. However, in General a loss of three percent from the current account should be between 2.6.
Losses due to the dangerous level of access of the Government priorities have changed the speed of its best growth increase. rather than in the next three months is to keep its deficit under control so that the Lok Sabha elections popular measures in the budget. as a result of the growing deficit informed the Reserve Bank to cut the interest rate for its effect in the next fiscal year will be difficult. the development of the first quarter of On the figures.
Instead of trying to increase the development speed of the government deficit has been entangled in the Ministry of Finance has started to take steps to reduce all possible. letter to all ministries in November to limit her to kharcho. education as essential in Ministry of Finance has cut 2,000 thousand crores. saving the defence sector to around 10,000 crores. Sources say that all ministries of social development schemes have been asked to raise resources for themselves.
Not only revenues and income-tax payers to see companies and large advances to deposit the third installment of the preceding action alert this week by the Ministry of finance. there, excise & service tax punitive action against those not declare can be deposited.
There are reasons why gold, and
Awakening Bureau, New Delhi. Central Government even if the rise in the current account deficit to sleep mainly because of value, but also many other factors important in increasing it. sharp decline in exports, the trade deficit increased in the import-export gap substantially. There was lack value of RS against the dollar has made imports expensive oil, whole.
Analysts believe that the current fiscal year's second quarter current account deficit was 5.4 percent, the Government is taking note of the figure of 47 percent gold current account deficit above. part year in 2010-11. the deficit of 74 percent in gold import. sources say that in the first half of the current fiscal year to $ 19.6 billion of gold imported In the same period of the past financial year is from 29 billion dollars in gold country.
Indeed, the sharp decline in the price of RS import bills increase heavily the country. Typically, crude oil imports in the total consumption of the country big role. of the 80 percent in the last fiscal year. oil import in opposite of sharp decline in export in foreign trade, increasing the difference.The country's trade deficit in 2012, $ 21 billion, exceeded the trade deficit in the current fiscal year. total $ 156.3 billion. this current account deficit also increased.
What is the current account deficit
When a country exports goods and services total imports of these items and more. as well as the transfer of capital from the country over foreign capital inflows, it said the current account deficit.
