The recommendations of
the 7th Pay Commission on pay revision of the central government employees is
expected to be submitted to the government this year, the Lok Sabha was today
informed.
Responding to a
supplementary, Finance Minister Arun Jaitley said, ”Additional Ten cent revenue
share for the state being provided by the Centre from this year and the
recommendations of the pay commission– that are expected to be made this year–
are bound to put additional burden on the fiscal situation.”
“Keeping this in mind, we
have opted to extend the deadline from two to three years for attaining the
targeted mark of fiscal budgetary deficit,” he said.
Presently, the
government’s annual income is around Rs 11.5 lakh crore against the expenditure
of around Rs 17.5 lakh crore leaving a budgetary deficit of about Rs 5 lakh
crore. – UNI.
