 "What is Fiscal Deficit")
Fiscal Deficit
What is Fiscal Deficit
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Latest Updates on Fiscal Deficit
Centre's fiscal deficit widens to 42% of FY27 target in H1: CGA data
The Centre's fiscal deficit rose nearly 25 per cent YoY to Rs 7.14 trillion in H1FY27 as tax collections slowed, while higher expenditure raised concerns over meeting the FY27 target
 "Centre's fiscal deficit widens to 42% of FY27 target in H1: CGA data")
Centre's fiscal deficit at ₹7.15 trillion in Apr-Sep, 42.1% of FY27 target
India's fiscal deficit rose from ₹5.7 trillion in April-September FY26 to ₹7.14 trillion in the first half of FY27, while capital expenditure increased to ₹6.5 trillion, according to government data
 "Centre's fiscal deficit at ₹7.15 trillion in Apr-Sep, 42.1% of FY27 target")
Centre committed to reducing fiscal deficit, says FM Nirmala Sitharaman
Addressing concerns about the national debt, she said that since the post-Covid period, every nation has faced debt challenges
 "Centre committed to reducing fiscal deficit, says FM Nirmala Sitharaman")
Datanomics: Tax collections dip in August as direct tax receipts fall
Central tax collections rose 6.5% in April-August, trailing the 9% FY27 Budget target, as major tax receipts declined sharply in August.
 "Datanomics: Tax collections dip in August as direct tax receipts fall")
Higher capex, subsidies widen Apr-Aug fiscal deficit to ₹7.1 trillion
Centre's fiscal deficit widened to ₹7.10 trillion in April-August as capital expenditure rose 18 per cent and spending on major subsidies increased nearly 25 per cent
 "Higher capex, subsidies widen Apr-Aug fiscal deficit to ₹7.1 trillion")
Centre's fiscal deficit touches 41.9% of full-year target at Aug-end: CGA
Centre's fiscal deficit stood at ₹7.1 trillion during April-August, at 41.9% of the full-year target, according to CGA data
Govt cuts FY27 borrowing by ₹1.2 trn, to raise ₹7.8 trn through gilts in H2
The government's net market borrowing, which essentially goes into financing the fiscal deficit, remains at ₹11.73 trillion, as estimated in the Budget
 "Govt cuts FY27 borrowing by ₹1.2 trn, to raise ₹7.8 trn through gilts in H2")
Mining dependence, rising borrowings hit Chhattisgarh's fiscal health
An NCAER study flags Chhattisgarh's reliance on volatile mining revenue, rising subsidies and widening deficits, warning that its debt-to-GSDP ratio could climb further.
 "Mining dependence, rising borrowings hit Chhattisgarh's fiscal health")
Best of BS Opinion: Government must get real on spending
Today's opinions examine India's critical-minerals strategy, FSSAI's food-warning labels, Budget discipline, the RBI's dollar-rupee swaps and lessons from industrial policy
 "Best of BS Opinion: Government must get real on spending")
Centre spends 37% of capital expenditure target in four months
Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July, while the fiscal deficit fell nearly 3 per cent to Rs 4.55 trillion
 "Centre spends 37% of capital expenditure target in four months")
Centre's FY27 fiscal deficit touches 26.8% of full year target at end July
In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 4,55,144 crore in the April-July period of the 2026-27 fiscal year
India state fiscal health: Arunachal logs highest revenue surplus in FY25
Business Standard's State Fiscal Health Tracker compares states and Union Territories on revenue deficit as a share of GSDP. Here's what the FY25 Budget Estimates show
 "India state fiscal health: Arunachal logs highest revenue surplus in FY25")
India state fiscal health: Delhi records lowest fiscal deficit in FY25
Business Standard's State Fiscal Health Tracker compares states and Union Territories on gross fiscal deficit as a share of GSDP. Here's what the FY25 Budget Estimates show
 "India state fiscal health: Delhi records lowest fiscal deficit in FY25")
S&P Global affirms India's BBB sovereign rating, flags slippage risk
Rating agency retains stable outlook, citing policy stability and infrastructure investment, but sees risks to Centre's FY27 fiscal deficit target from revenue, subsidy pressures
 "S&P Global affirms India's BBB sovereign rating, flags slippage risk")
Weekly economy wrap: Tax collections rise, but inflation and trade gap bite
Stronger tax collections and exports offered support, but higher inflation, a widening trade deficit and elevated debt kept macroeconomic risks in focus
 "Weekly economy wrap: Tax collections rise, but inflation and trade gap bite")
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
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")