Tag: new budget based on low oil price 2016
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Ensure growth, maintain fiscal deficit target.
Under the recalibrated budget 2016, there were 11 measures to do two important things. Ensuring growth by encouraging it and maintaining the fiscal deficit goal of 3.1 percent for 2016. The new budget would be based on oil price staying at around US$30 – 35 per barrel. This is a big change from the previous…