Highlights of the Union Budget 2014-15

Here are the highlights of the Budget 2014-15 presented by Finance
Minister Arun Jaitley.

Fiscal deficit
● Accepts fiscal deficit target of 4.1 percent of GDP for 2014/15
● Fiscal deficit seen at 3.6 percent of GDP in 2015/16
● Finance Minister says: "We cannot spend beyond our means"
● Tax-to-GDP ratio must be raised

Growth
● Aims for sustained growth of 7-8 percent in the next 3-4 years
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