Govt committed to achieve 2011-12 fiscal targets:Pranab

Buoyed by better-than-expected performance on government finances' front in 2010-11, the Centre today said it will keep a tab on public expenditure to ensure that Budget targets for this fiscal too are achieved.

"Efforts to get the economy on the path of fiscal prudence are on track... The government is committed to achieve the fiscal targets," an official statement quoting Finance Minister Pranab Mukherjee at a meeting of Consultative Committee held yesterday said.

He further said that to ensure that scarce resources of the country are productively deployed, "it is extremely important to measure outcomes."

In the Budget for 2011-12, the government had set fiscal deficit target at 4.6 per cent of the GDP and the revenue deficit target at around 3 per cent. (PTI)