The Centre has asked Union Ministries to ensure austerity measures so that the public expenditure remains within the budgetary limits in order to contain the fiscal deficit. The Finance Minister, Mr. Pranab Mukherjee today asked the financial advisors of different ministries to spend on the priority sector rather than on the non-priority sector. Our Correspondent adds that the government would hold a review of the public expenditure in November. The government has pegged the fiscal deficit in the current year at 6.8 per cent of the Gross Domestic Product up from 6.2 per cent in 2008-09
News On AIR | October 29, 2009 9:09 PM
Ministries asked to control non- essential expenditure