Wednesday, 21 June 2017

No farm loan waiver, Centre has to meet fiscal deficit target

Ruling out Central funding for any state's farm loan waiver, Finance Minister Arun Jaitley on Tuesday said that the government has to meet its fiscal deficit target. "We have got Fiscal Responsibility and Budget Management (FRBM) Act and fiscal deficit target, we intend adhering to it," the Finance Minister told reporters here during a press briefing when asked about the farmers' agitation demanding farm loan waiver in various states. The FRBM committee has set a 3.2 per cent fiscal deficit target for the current year. Jaitley's response comes a day after Punjab announced farm loan waiver following Uttar Pradesh and Maharashtra.

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