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All states for 3 percent fiscal deficit

New Delhi, Aug 19 (IANS) All states and union territories are expected to achieve 3 percent fiscal deficit latest by 2014-15 as part of fiscal consolidation, the Rajya Sabha was told Thursday.

Minister of State for Planning V. Narayanasamy said in a written statement that the fiscal deficit targets had been recommended by the 13th Finance Commission.

“The government has accepted the recommendations,” he said.

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