Control the fiscal and revenue deficits
“We will bring GDP growth to the 7-8% bracket, and control deficits - fiscal and revenue.”
The verdict
Centre's fiscal deficit was 5.4% of GDP in 1999-00, rose to 6.2% in 2001-02 and fell to 4.6% in 2003-04 (provisional). The revenue deficit was 3.5% in 1999-00 and 3.6% in 2003-04, after peaking at 4.4%. Fiscal deficit fell; revenue deficit did not.
Rule applied: Partially kept: yes/no promise only partly done → 5
Evidence timeline
- BudgetUndated· Ministry of Finance (Economic Survey 2004-05)supportsEconomic Survey 2004-05, Chapter 2: Public Finance ↗
“Table 2.2, as % of GDP: revenue deficit 1999-00 3.5, 2001-02 4.4, 2003-04 (Prov.) 3.6; fiscal deficit 1999-00 5.4, 2001-02 6.2, 2003-04 (Prov.) 4.6.”
- BudgetUndated· Ministry of Finance (Economic Survey 2004-05)supportsEconomic Survey 2004-05, Chapter 1: General Review ↗
“Fiscal deficit of the Central Government... rose every year to reach 6.2 per cent in 2001-02... in 2003-04, the ratio at 4.6 per cent was lower than the budget estimate of 5.6 per cent.”
More economy promises from this manifesto
Raise GDP growth to the 7-8% bracket
“The growth target showed up once, in the final year, just before the bill came due.”
Examine and enact a Fiscal Responsibility Act
Arre wah! Ye toh sach mein hua.
Attract at least US$10 billion of foreign direct investment a year
“Ten billion a year was the target; the best year reached a little under half.”
Promise ID nda-ls-1999-002 · drafted 5 Oct 2026 by research-agent · JSON