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Prioritisation of spending key to fiscal consolidation: government
February 27, 2013 / 7:02 AM / 5 years ago

Prioritisation of spending key to fiscal consolidation: government

NEW DELHI (Reuters) - The finance ministry delivered a report on the state of the economy on Wednesday, a day before Finance Minister P. Chidambaram unveils what is expected to be the most austere federal budget in years.

Labourers work at the construction site of a metro station in Mumbai January 31, 2013. REUTERS/Danish Siddiqui/Files

The annual report was prepared by Raghuram Rajan, the former chief economist to the International Monetary Fund (IMF), who became the top adviser in the finance ministry last year.

Reporting by Tony Munroe

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