IMF Warns India on Public Sector Wages and Fiscal Deficit 💼

The Finance Minister says the International Monetary Fund "has zeroed on the fact" that if the Government is "not prudent with public sector wage negotiations" the nation "could have a widening fiscal deficit."<br /><br />The was one of the key points he highlighted as he sought to address issues arising from the IMF's 2023 Article Four Consultation with Trinidad and Tobago.<br /><br />But if the deficit increases in this fiscal year, will the Government cut back on capital expenditure?<br /><br />Juhel Browne has the details.