New Delhi (PTI): The Budget 2009-10 may provide tax incentives for the exporters but there may not be a cut in corporate tax, Assocham said.

While two-third of corporates are expecting tax sops for the exporters hit by demand slowdown in the key markets of the US and the Europe, "67 per cent of them stated that chances for across-the-board reduction in corporate tax look bleak", the Assocham survey said.

At present, the corporate tax is 30 per cent plus cess and surcharges.

Assocham further said majority of the 300 CEOs surveyed expect the Budget to set the stage for economic reforms.

Over 80 per cent of them believe that curtailing the fiscal deficit would top the Finance Minister's agenda.

"The corporate sector is expecting a growth-oriented Budget while also targeting the steeply rising fiscal deficit," the survey said.

At the same time there is a fear among them about the possible roll back of the excise duty cut as part of the government’s clamp down on fiscal deficit, it said. The government had slashed excise duty in the stimulus packages.

As per the pre-Budget Economic Survey the fiscal deficit to GDP ratio stands at 6.2 per cent.