Chidambaram compares India's fiscal deficit under UPA and NDA

Chidambaram compares India's fiscal deficit under UPA and NDA, BJP says 'flip-flop' Former Finance Minister and Congress leader P Chidambaram on Sunday compared the country's fiscal deficit in the terminal years of the UPA government and the current NDA government and said it was 4.5 per cent in 2013-14, while it is 5.8 per cent in 2023-24. He noted that there will be ups and downs in any regime and said if the NDA government points to the pandemic years (2020-21 & 2021-22), the UPA can point to the years of the International Financial Crisis (2008-09) and the 'taper tantrum' (2013-14).Chidambaram said much has been made of the fiscal correction and added, "There is no place for a bullhorn in economics.His remark comes after Finance Minister Nirmala Sitharaman, while presenting the Interim Budget 2024-25, said the revised estimate of the fiscal deficit for FY24 stands at 5.8 per cent. She added that the government is committed to reducing the fiscal deficit below 4.5 per cent by 2025-26. " [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuaW5kaWF0b2RheS5pbiUyRmluZGlhJTJGc3RvcnklMkZjaGlkYW1iYXJhbS1jb21wYXJlcy1pbmRpYS1maXNjYWwtZGVmaWNpdHMtdW5kZXItdXBhLWFuZC1uZGEtYmpwLWFtaXQtbWF2aXlhLWZsaXAtZmxvcC0yNDk3NTkyLTIwMjQtMDItMDU=) Â We respect your privacy. If you are not interested in receiving further emails, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)