 "What is Fiscal Deficit")
Fiscal Deficit
What is Fiscal Deficit
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Latest Updates on Fiscal Deficit
Nominal GDP growth slowdown raises concerns despite strong real growth
Despite strong real growth, slowing nominal GDP and a sharply weaker deflator raise fiscal concerns, challenging Budget assumptions for FY26
 "Nominal GDP growth slowdown raises concerns despite strong real growth")
Rupee hits fresh low against dollar, nears 90/$-mark amid rising pressures
Indian Rupee touched a new record low of 89.97 against the US dollar on December 1, 2025, amid delays in the India-US trade agreement, and limited RBI intervention
 "Rupee hits fresh low against dollar, nears 90/$-mark amid rising pressures")
India's current account deficit narrows to $12.3 bn in July-Sept: RBI data
In the preceding quarter, the current account had recorded a deficit of $2.4 billion ot 0.2 per cent of GDP
 "India's current account deficit narrows to $12.3 bn in July-Sept: RBI data")
Govt's fiscal deficit touches 52.6% of BE till Oct, capex increases 32%
Experts said meeting the gross tax revenue budget target of ₹42.7 trillion would be difficult as it would require a Y-o-Y expansion of 22 per cent in the November-March FY26 period.
 "Govt's fiscal deficit touches 52.6% of BE till Oct, capex increases 32%")
India's fiscal deficit during Apr-Oct reaches 52.6% of FY26 target
Capital expenditure, or spending on building physical infrastructure, at ₹6.18 trillion against ₹4.7 trillion a year ago
 "India's fiscal deficit during Apr-Oct reaches 52.6% of FY26 target")
Jharkhand at 25: Unfulfilled potential of tribal heartland remains
Twenty-five years after its creation, Jharkhand continues to struggle with slow economic growth, high multidimensional poverty and persistent tribal welfare gaps despite fiscal improvements
 "Jharkhand at 25: Unfulfilled potential of tribal heartland remains")
Bihar voters have spoken, the new government must now keep its promises
As things stand, Chief Minister Nitish Kumar is expected to lead the government again and, having been mostly at the helm since 2005, is well aware of where the state stands
 "Bihar voters have spoken, the new government must now keep its promises")
Bihar elections: NDA's vision of Viksit Bihar faces fiscal roadblocks
In the runup to elections, the alliance's manifesto listed 25 prominent promises
 "Bihar elections: NDA's vision of Viksit Bihar faces fiscal roadblocks")
Road, rail and defence lead FY26 capex surge; overall spend at 52%
Road Transport & Highways and Railways ministries lead capital expenditure in H1 FY26, with overall government capex reaching 52% of Budget estimates despite slower revenue growth
 "Road, rail and defence lead FY26 capex surge; overall spend at 52%")
Thin ice: States are drowning in debt and politics keeps adding weight
Cash transfers to women need a wider debate
 "Thin ice: States are drowning in debt and politics keeps adding weight")
Centre's fiscal deficit in H1 stood at 36.5% of full-year target
In H1 of FY26, capex grew at a robust 40 per cent, exhausting more than half (51.8 per cent) of the Rs 11.2 trillion full year target against 37.3 per cent spending during the same period a year ago
 "Centre's fiscal deficit in H1 stood at 36.5% of full-year target")
India's Apr-Sep fiscal deficit hits ₹5.73 trillion, 36.5% of FY26 estimate
The Centre's receipts stood at ₹17.3 lakh crore, or 49.5% of the FY26 target, while expenditure reached ₹23.03 lakh crore, or 45.5% of the estimate, led by higher interest and subsidy payments
 "India's Apr-Sep fiscal deficit hits ₹5.73 trillion, 36.5% of FY26 estimate")
Fiscal deficit widens to 38% of BE on higher capex, weak taxes: CGA
India's fiscal deficit rose to 38.1 per cent of FY26 budget estimates in April-August, driven by higher capital expenditure and muted revenue receipts, CGA data showed
 "Fiscal deficit widens to 38% of BE on higher capex, weak taxes: CGA")
India's Apr-Aug fiscal deficit widens to ₹5.98 tn, 38.1% of FY26 target
Net tax receipts stood at ₹8.1 trillion, down from ₹8.7 trillion in the same period last year, while non-tax revenue rose to ₹4.4 trillion from ₹3.3 trillion a year ago
Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra calls on states to maintain fiscal discipline, improve expenditure quality and borrow responsibly while coordinating closely with the central bank
 "Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra")
Centre may meet FY26 fiscal deficit target despite GST overhaul: Fitch
Separately, Bank of Baroda in a report said the impact of GST reforms will be minimal as it accounts for Rs 48,000 crore or only around 0.1-0.2 per cent of the GDP
 "Centre may meet FY26 fiscal deficit target despite GST overhaul: Fitch")
India's reforms give cushion against global uncertainty: CEA Nageswaran
Chief Economic Advisor V Anantha Nageswaran said GST overhaul and structural reforms will strengthen India's resilience to global risks and help meet the fiscal deficit target
 "India's reforms give cushion against global uncertainty: CEA Nageswaran")
Moderate impact of GST cuts on fiscal deficit; inflation may lower 50-90bps
Besides, a cut in the tax rate on nearly one-fourth of the essential and household items contained in inflation basket may lead to a moderation of 50-90 bps in retail inflation over next 12 months
 "Moderate impact of GST cuts on fiscal deficit; inflation may lower 50-90bps")
New GST rates: Govt bonds rally as revenue loss concerns subside
Government bonds rallied as the estimated revenue loss from GST tax cuts came in lower than expected, easing fiscal concerns. The yield on the benchmark 10-year bond eased to 6.49%
 "New GST rates: Govt bonds rally as revenue loss concerns subside")
GST rate cut may ease CPI inflation by 25bps; 40bps dent on fiscal deficit
Here's how analysts leading brokerages assess the impact of the GST rate rejig on the Indian economy, bond markets and the possibility of an aggressive interest rate cut by the Reserve Bank of India
 "GST rate cut may ease CPI inflation by 25bps; 40bps dent on fiscal deficit")
