• search

Budget 2018: Arun Jaitley fails fiscal consolidation test, says Chidambaram

By Deepika
Subscribe to Oneindia News
For Quick Alerts
Subscribe Now
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    The Congress on Thursday slammed Finance Minister Arun Jaitley as soon he presented the Union Budget 2018 .Reacting to it, former Finance Minister and Congress leader P Chidambaram said,"Jaitley fails fiscal consolidation test, this failure will have serious consequences."

    Chidambaram

    The former finance minister said the fiscal deficit limit of 3.2 per cent in 2017-18 had been breached and was estimated at 3.5 per cent.

    "The finance minister fails the fiscal consolidation test and this failure will have serious consequences," Chidambaram told soon after the finance minister completed his budget speech.

    Another Congress leader Manish Tewari also criticised the Budget 2018 saying,"The govt has attempted to pay lip service to farmers and to other marginalised sections of society but it is a classical case of too less and completely at the inappropriate time."

    Earlier in the day, Finance Minister Arun Jaitley presented Union Budget 2018-19 in Parliament.

    This was last full-fledged budget of the Narendra odi-led government and the first post the rollout of the Goods and Services Tax (GST).

    OneIndia News

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more