Data released this week show a rapid expansion of the central government’s deficit in the early part of this fiscal year. This is a common occurrence, as revenues tend to get ramped up in the latter months. Even so, there are a number of reasons to think that the deficit will exceed the finance ministry’s target for this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services