 "What is Fiscal Deficit")
Fiscal Deficit
What is Fiscal Deficit
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Latest Updates on Fiscal Deficit
Beyond the optics of stability, India's economy faces rising external risks
Rising oil prices and limited fiscal space heighten risks of inflation, slower growth, and macroeconomic instability as the West Asia crisis unfolds
 "Beyond the optics of stability, India's economy faces rising external risks")
West Asia tensions likely to heighten fiscal risks, says Govinda Rao
Economist M Govinda Rao warns rising geopolitical tensions could expose India's fiscal vulnerabilities, calling for reforms in GST, deficits, and public spending
 "West Asia tensions likely to heighten fiscal risks, says Govinda Rao")
CAG pulls up Odisha govt for PSU dues, flags poor budget utilisation
Audit flags over Rs 5,000 crore unpaid PSU dividends and weak budget utilisation, raising concerns over fiscal oversight and revenue mobilisation in Odisha
 "CAG pulls up Odisha govt for PSU dues, flags poor budget utilisation")
Centre's fiscal deficit in April-February at 80% of FY26 target: CGA
Fiscal deficit narrows to 80.4% of revised estimates in April-February FY26, aided by higher revenues and steady capex, though global risks may pressure FY27 outlook
 "Centre's fiscal deficit in April-February at 80% of FY26 target: CGA")
Centre's fiscal deficit touches 80.4% of full-year target at Feb-end: CGA
The central government estimates the fiscal deficit (the gap between expenditure and revenue) during 2025-26 at 4.4 per cent of GDP, or Rs 15.58 trillion
StatsGuru: States' fiscal challenges versus electoral compulsions
The promises, if implemented, will aggravate public finances to varying degrees in these states, depending on the parameters chosen
 "StatsGuru: States' fiscal challenges versus electoral compulsions")
Excise duty cut can result in fiscal loss of ₹1.5 trillion, say economists
₹10 per litre excise duty cut on petrol and diesel may cost ₹1.5 trn in FY27 but help sustain consumption amid the West Asia crisis, even as economists flag risks to fiscal space
 "Excise duty cut can result in fiscal loss of ₹1.5 trillion, say economists")
High energy prices may impact FY27 fiscal position; buffers available: ICRA
Elevated global crude and gas prices may affect India's FY27 fiscal position, though buffers such as expenditure savings and fiscal tools could help manage pressures, ICRA said
 "High energy prices may impact FY27 fiscal position; buffers available: ICRA")
West Asia war: Are the effects priced in amid rising economic risks?
As the Strait of Hormuz disruption deepens, India faces rising inflation, supply shocks, and fiscal strain, with markets yet to fully price in the risks
 "West Asia war: Are the effects priced in amid rising economic risks?")
L&T hopes govt will sustain capex, widen deficit amid West Asia crisis
L&T backs continued government capex despite rising oil-driven import costs, even if it leads to a temporary fiscal deficit expansion
 "L&T hopes govt will sustain capex, widen deficit amid West Asia crisis")
₹1 trillion stabilisation fund to give fiscal headroom: FM Sitharaman
Finance Minister Nirmala Sitharaman told Lok Sabha the Rs 1 trillion Economic Stabilisation Fund will help India respond to global shocks while keeping fiscal consolidation targets intact
 "₹1 trillion stabilisation fund to give fiscal headroom: FM Sitharaman")
Niti Aayog urges states to follow fiscal deficit norms under FRBM Act
The Fiscal Responsibility and Budget Management (FRBM) Act aims to regulate the country's debt level by restricting fiscal and revenue deficits as a percentage of GDP
 "Niti Aayog urges states to follow fiscal deficit norms under FRBM Act")
Iran war: Fiscal pressures on govt may mount next FY, say experts
A prolonged West Asia conflict could strain India's fiscal position through higher fertiliser subsidies, rising import costs and weaker revenue growth
 "Iran war: Fiscal pressures on govt may mount next FY, say experts")
A Finance Commission that questions states but spares the Union government
The Commission appreciates the Union government's fiscal restraint during the pandemic and the subsequent reduction in deficits and debt following the sharp spike seen in the pandemic year
 "A Finance Commission that questions states but spares the Union government")
Govt seeks LS nod for additional expenditure of ₹2.81 trillion in FY26
Finance Ministry seeks Parliament approval for Rs 2.01 trillion net additional FY26 spending through the second supplementary demand for grants, with allocations for subsidies and reserve funds
 "Govt seeks LS nod for additional expenditure of ₹2.81 trillion in FY26")
Govt revises fiscal deficit ratios for FY23-FY25 after GDP base year update
The fiscal deficit was earlier estimated at 4.8 per cent for FY'25, 5.63 per cent for FY'24 and 6.4 per cent for FY'23
Lower FY26 nominal GDP to raise India's fiscal deficit, debt ratios
Lower nominal GDP estimates have nudged up FY26 fiscal deficit and debt ratios, implying a steeper consolidation path even as new NSO GDP data revises sectoral weights
 "Lower FY26 nominal GDP to raise India's fiscal deficit, debt ratios")
New GDP series lifts FY27 growth outlook to 7-7.4%, says CEA Nageswaran
India's GDP growth for FY27 is seen at 7-7.4% under the new series, with risks tilted upward, as strong momentum, reforms and trade deals lift the outlook
 "New GDP series lifts FY27 growth outlook to 7-7.4%, says CEA Nageswaran")
Centre's fiscal deficit at 63% of full year target at Jan-end: CGA data
The Centre estimates the fiscal deficit (the gap between expenditure and revenue) during 2025-26 at 4.4 per cent of GDP, or Rs 15.58 trillion
Finance Commission changes pose transition risks for states' fiscal balance
The 16th Finance Commission throws up a transition challenge for states facing strict fiscal limits
 "Finance Commission changes pose transition risks for states' fiscal balance")