After running a non-energy fiscal deficit of just over $ billion in 2012/2013, the central government ran a non-energy budget deficit of $ billion in the first six months of fiscal 2013/2014. At this pace the government is likely to meet its projected budgeted stimulus for the entire fiscal year.
Foreign exchange Ladies and Gentlemen, I now turn to a matter grabbing headlines and generating intense interest in the country over the past few months, and the reason I suspect most reporters are here this morning ….. to grill me about-foreign exchange. There have been many opinions circulating on this topic and I will say in most cases these opinions are uninformed.