Budget 2013: Clamping down on subsidies, the budget aims at shrinking deficit and increasing expenditure

Budget 2013 contributes to macroeconomic stability and rating agency comfort, by raising revenues and cutting subsidies while raising overall expenditure

Budget 2013 contributes to macroeconomic stability and rating agency comfort, by raising revenues and cutting subsidies while raising overall expenditure, but still leaves economy-wide inflation close to 7 per cent.

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