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Highlights of Interim budget 2014-15

Highlights of Interim budget 2014-15

GDP expansion in 3rd and 4th quarters of 2013-14 estimated at 5.2%. Growth for the whole year expected at 4.9%.

Fiscal deficit seen at 4.6% of GDP in 2013-14, below target of 4.8%

Projected Fiscal deficit at 4.1% of GDP in 2014-15

Current account deficit for 2013-14 estimated at $45 billion from last fiscal year's $88 billion

Forex reserves to rise by $15 billion by end of 2013-14

Gross market borrowing for 2014-15 seen at Rs.5.97 trillion and net market borrowing at Rs.4.57 trillion

Government plans to buy back/switch bonds of Rs.500 billion in 2014-15

Ways and Means advances for 2014-15 estimated at Rs.100 billion

Debt repayment for 2014-15 seen at Rs.1.397 trillion

Interest payments seen rising to Rs.4.27 trillion in 2014-15 from a revised estimate of Rs.3.8 trillion for the current fiscal year