Record hike in MSP for 14 crops not to affect fiscal deficit target: Jaitley

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Union Minister Arun Jaitley has said that the government’s fiscal deficit target will not be breached on account of higher MSP for 14 crops. In a series of tweets, Mr Jaitley said, government will be able to absorb the additional expenditure without breaching the fiscal deficit target as large provisioning for food subsidy has already been made in the Budget for current fiscal.
He said, the government’s initiative in raising the MSP of 14 agriculture crops will enrich and empower the farmer. Mr Jaitley also said, the revised MSP will go a long way to raise the quality of life in rural India

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