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Journalism of Courage
International credit rating agency Standard and Poor’s has voiced concern over the fiscal deficit of the central and state governments even as it expressed happiness over the strong economic growth momentum. ‘‘We are most concerned about the size of the fiscal deficit of the central and state governments,’’ a top executive of the S&P said on Monday, adding there were, however, very ‘‘positive’’ aspects to external sector and GDP growth. S&P’s Managing director for Asia pacific region Paul A. Coughlin said fiscal consolidation was the key for sustaining the strong economic fundamentals. —(PTI)
