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BIZ-DEFICIT-STUDY (BCM7) - UBS sees 0.5% fiscal slippage on stimulus, lower revenues

Contributed by NAMPA / PTI.

Mumbai, Oct 13 (PTI) As government mulls a possible stimulus package to revive the economy, Swiss brokerage has estimated a slippage of 0.5 per cent on the 3.2 per cent fiscal deficit target for the current year.
"We believe the Centre will likely breach the FY18 fiscal deficit target of 3.2 per cent of GDP by 0.5 per cent if its goes about with a fiscal stimulus package," analysts at UBS Securities said in a note today.
"The government is contemplating deviating from budget targets, which could ...