 "What is Fiscal Deficit")
Fiscal Deficit
What is Fiscal Deficit
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Latest Updates on Fiscal Deficit
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
 "Centre's FY27 fiscal deficit touches 26.8% of full year target at end July")
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")
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")