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Economy

Fitch warns of fiscal slippage if government goes for populist Interim Budget

Updated : January 31, 2019 02:11 PM IST

The interim budget to be presented Friday could give some indication of the government's commitment to fiscal consolidation, which is one of the main sensitivities in the sovereign ratings, Fitch said.
"Pressure for new expenditure to attract votes, particularly among rural and small-business owner voters, has increased as polls have shown the ruling Bharatiya Janata Party (BJP) is becoming less assured of victory in the general elections.
Fitch warns of fiscal slippage if government goes for populist Interim Budget

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