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    HomeNewsOpinionBudget 2023: Global headwinds call for caution on elevated twin deficits

    Budget 2023: Global headwinds call for caution on elevated twin deficits

    To manage the heightened external risks, keeping the twin deficits in check would be crucial for the Union Budget 2023 to ensure macro-economic and financial stability 

    Gaurav Kapur
    January 11, 2023 / 19:58 IST
    Budget 2023: Global headwinds call for caution on elevated twin deficits

    Given the tax revenue buoyancy seen this year on the back of strong economic recovery, a lower fiscal deficit target or a faster pace of fiscal consolidation would be helpful in keeping the CAD in check over the next fiscal and beyond

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