 "What is Fiscal Deficit")
Fiscal Deficit
What is Fiscal Deficit
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Latest Updates on Fiscal Deficit
Evolving West Asia crisis may have fiscal impact in FY27: FinMin to panel
The ministry said its fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks
 "Evolving West Asia crisis may have fiscal impact in FY27: FinMin to panel")
Bihar tops states' fiscal strain with 5.8% fiscal deficit, says Crisil
Deficits stayed particularly high in Madhya Pradesh, Tamil Nadu, Uttar Pradesh and Telangana, apart from Bihar, according to the study
 "Bihar tops states' fiscal strain with 5.8% fiscal deficit, says Crisil")
Govt's debt-to-GDP ratio at 58.2% in FY26, 210 bps above target of 56.1%
The government will have to cut its debt-to-GDP ratio by 260 basis points in the current financial year to meet the Budget Estimate of 55.6 per cent for FY27
 "Govt's debt-to-GDP ratio at 58.2% in FY26, 210 bps above target of 56.1%")
States' deficits run deeper than their Budgets, show CAG reports
CAG audits reveal that several Indian states understated their fiscal gaps in 2024-25 due to accounting practices, off-budget borrowings, and unrecorded liabilities
 "States' deficits run deeper than their Budgets, show CAG reports")
Centre exhausted 18% of fiscal deficit in Q1FY27, shows CGA data
Fiscal deficit stood at 18.2 per cent of the FY27 target as higher subsidy spending was offset by robust revenue growth and sustained capital expenditure
 "Centre exhausted 18% of fiscal deficit in Q1FY27, shows CGA data")
April-June fiscal deficit of India stood at 18.2% of 2026/27 target
Government data showed India's fiscal deficit reached Rs 3.1 trillion, or 18.2% of the FY27 target, as capital expenditure and overall spending increased in the first quarter
States are borrowing just to get by, not to build productive assets
Even prosperous southern states used a large part of FY25 debt for operational expenses
 "States are borrowing just to get by, not to build productive assets")
Tax collections slow down, pinching Centre and states' finances alike
States' own tax revenue now exceeds half of revenue receipts, but falling tax buoyancy suggests collections are not keeping pace with economic growth
 "Tax collections slow down, pinching Centre and states' finances alike")
TN govt taps Montek Singh Ahluwalia to chart roadmap for boosting revenue
Six-member panel will recommend measures to improve tax and non-tax revenues, enhance compliance and fiscal self-reliance amid the state's rising debt burden
 "TN govt taps Montek Singh Ahluwalia to chart roadmap for boosting revenue")
We need a big breakthrough somewhere… a big project: West Bengal FM
West Bengal Finance Minister Swapan Dasgupta says the state needs a breakthrough investment project to revive industry, restore investor confidence and drive economic growth
 "We need a big breakthrough somewhere… a big project: West Bengal FM")
Growth will be driven by project execution, not announcement: Odisha CM
Odisha Chief Minister Mohan Charan Majhi says the state is shifting from attracting investments to executing projects, with manufacturing and jobs driving growth
 "Growth will be driven by project execution, not announcement: Odisha CM")
States' fiscal math in the age of 'freebies': Stable, but strains remain
While aggregate finances remain stable, high debt and welfare handouts weigh on some budgets
 "States' fiscal math in the age of 'freebies': Stable, but strains remain")
Improving cash transfers: Time to construct a firm policy framework for DBT
An EAC-PM study finds women's cash-transfer schemes improve savings and spending, but raises questions over their long-term fiscal sustainability
 "Improving cash transfers: Time to construct a firm policy framework for DBT")
Weekly economy wrap: Energy relief, slower PMI, monsoon concerns mark week
Fuel curbs were withdrawn and LPG prices fell as energy pressures eased, but softer PMI readings, a wider fiscal deficit and inflation risks kept policy concerns alive
 "Weekly economy wrap: Energy relief, slower PMI, monsoon concerns mark week")
India's fiscal deficit rose 12-fold to ₹1.62 trillion in April-May
Within tax revenue, the government's excise duty collections fell nearly 20 per cent to Rs 2.12 trillion in April-May
 "India's fiscal deficit rose 12-fold to ₹1.62 trillion in April-May")
India's April-May fiscal deficit at 9.6% of 2026-27 target: Govt data
India has set the fiscal deficit target for 2026-27 at 4.3% of GDP, or ₹16.96 trillion
Long road to 50 as govt moves fiscal anchor from deficit to debt-GDP ratio
A lower GDP base, subsidy pressures, geopolitical shocks and future spending commitments could make the Centre's goal of reducing debt to 50 per cent of GDP by FY31 significantly more challenging
 "Long road to 50 as govt moves fiscal anchor from deficit to debt-GDP ratio")
Wider fiscal gap unlikely to threaten India's rating, says Moody's
Moody's said higher energy prices may create temporary budget pressures, but India's improving fiscal position and commitment to deficit reduction should help preserve its investment-grade status
 "Wider fiscal gap unlikely to threaten India's rating, says Moody's")
Amid fiscal worries, govt puts PSU share sales on fast track to raise funds
As part of the stake-sale drive, an OFS in LIC is also likely to be launched "very soon"
 "Amid fiscal worries, govt puts PSU share sales on fast track to raise funds")
Tamil Nadu debt nearly doubles to ₹10 trillion in five years: White paper
The TVK government's white paper said Tamil Nadu added Rs 4.87 trillion in debt over five years, while total liabilities, including guarantees and off-budget borrowings, reached Rs 13.8 trillion
 "Tamil Nadu debt nearly doubles to ₹10 trillion in five years: White paper")