India unveils restrained pre-election budget

Published February 17, 2014 10:40am ET



MUMBAI, India (AP) — India’s finance minister unveiled Monday a restrained mini budget for the government’s remaining months in office, saying the budget deficit has narrowed and pledging to keep public spending steady.

Palaniappan Chidambaram said that the Indian government’s finances are in better shape than a year ago, with a projected budget deficit of 4.6 percent of gross domestic product for the financial year ending March 31, lower than the target of 4.8 percent.

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