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Budget 2019: Fiscal slippage should improve in FY19-20, says finance secy AN Jha

Updated : February 01, 2019 06:47 PM IST

AN Jha, secretary of finance, and Atanu Chakraborty, secretary of DIPAM, shared their views and readings on the interim budget 2019.

Jha said, "We expect that with GDP growth at the rate at which it is growing, we will have better buoyancy and better collection of taxes which should be able to finance a large part of the fiscal deficit. Plus there should be better compliance with formalisation of the economy. We are quite optimistic that fiscal slippage which is there from 3.1 percent to 3.4 percent, which is currently being shown in our interim budget should improve when we get into financial year 2019-20."

On disinvestment Chakraborty said, "If you see the trend for last three years, this year included, we have hit the target."

"However every year we are adding new instruments as well as bringing in new companies to the fold, in the sense number of PSUs do not increase but the instrument that we largely used are market related instruments. So, we are adding 10 more companies into the fresh listing - 6 recently done by CCA and 4 which are spill overs."

"The other thing is that we have to also meet the target of minimum public shareholding for quite a few companies which have to reach a level of 25 percent. So, that is another set."
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