Page 12 - Latest Updates on Fiscal Deficit
Interim Budget indicates the way forward
On the external sector, the Finance Minister said that geopolitically, global affairs are becoming more complex and challenging with wars and conflicts
 "Interim Budget indicates the way forward")
Fiscal deficit was 4.5% in UPA's terminal year, says P Chidambaram
'If the NDA points to the pandemic years (2020-21 & 2021-22), the UPA can point to the years of the International Financial Crisis (2008-09) and the 'taper tantrum' (2013-14),' Chidambaram argued
 "Fiscal deficit was 4.5% in UPA's terminal year, says P Chidambaram")
Tax buoyancy cannot continue year after year, says DEA secy Ajay Seth
Economic Affairs Secretary Ajay Seth spoke on the government's thinking behind the major budget projections and the fiscal math
 "Tax buoyancy cannot continue year after year, says DEA secy Ajay Seth")
It's not priority of govt to monitor consumption: Finance secretary
He says why the Budget numbers are realistic and speaks of the evolving approach of the government towards disinvestment, welfare schemes, and capital expenditure
 "It's not priority of govt to monitor consumption: Finance secretary")
Fiscal deficit target of 5.1% ambitious but achievable: Finance secretary
Besides, he said, the government has projected a slight increase in non-tax revenue from a high base during the current financial year
 "Fiscal deficit target of 5.1% ambitious but achievable: Finance secretary")
Budget focused on economic resilience, creates opportunities for all
It carefully allocates public resources and commits to reduce the country's fiscal debt
 "Budget focused on economic resilience, creates opportunities for all")
Budget focused on economic resilience, creates opportunities for all
It carefully allocates public resources and commits to reduce the country's fiscal debt
 "Budget focused on economic resilience, creates opportunities for all")
Deficit reduction will stabilise debt-to-GDP ratio over medium term: Fitch
Higher dividends from banks and financial institutions, apart from improvement in tax mobilisation, would help achieve the fiscal deficit glide path
 "Deficit reduction will stabilise debt-to-GDP ratio over medium term: Fitch")
Interim Budget: Infra focus, fiscal prudence are positives for street
While overall capex has increased, some analysts had expected higher outlays for road, defence and railways
 "Interim Budget: Infra focus, fiscal prudence are positives for street")
FM Sitharaman's Interim Budget is high on confidence, not on populism
FM overperforms on deficit, stays away from sops, pushes feel-good factor by ending old tax disputes, lists out decade of development
 "FM Sitharaman's Interim Budget is high on confidence, not on populism")
Interim Budget 2024-25: A confident and optimistic report
In a Budget celebrating the achievements in the last decade, there are few announcements with any fiscal magnitude attached
 "Interim Budget 2024-25: A confident and optimistic report")
Interim Budget 2024-25: Banks likely to see heavy trading gains in Q4
The yield on the benchmark 10-year government bond declined by 12 basis points (bps) in 2024 from 7.17 per cent to 7.05 per cent on February 1, 2024
 "Interim Budget 2024-25: Banks likely to see heavy trading gains in Q4")
Prudence first
Interim Budget sticks to fiscal glide path
Interim Budget 2024 highlights: Capex from govt will continue, says FM
Union Budget 2024 LIVE updates: FM Sitharaman in her Interim Budget speech stated the Centre is working towards making India 'viksit' by 2047. Catch the latest updates here
 "Interim Budget 2024 highlights: Capex from govt will continue, says FM")
Interim Budget: Improved fiscal resilience amid modest tax buoyancy
The Interim Budget had assumed nominal GDP growth of 10.5 per cent of GDP, but First Advance Estimates placed it at 8.9 per cent
 "Interim Budget: Improved fiscal resilience amid modest tax buoyancy")
On path to achieving fiscal deficit target of 4.5% by FY26: FM Sitharaman
Interim Budget: Revenue Secretary Sanjay Malhotra said that the removal of tax old tax disputes is likely to cost the Centre around Rs 3,500 crore
 "On path to achieving fiscal deficit target of 4.5% by FY26: FM Sitharaman")
FM delivers a prudent, pragmatic and progressive budget, says Sundeep Sikka
From an equity market perspective, some of the positives appear to be considered in valuations and therefore return expectations in the near-term perspective should be moderate
 "FM delivers a prudent, pragmatic and progressive budget, says Sundeep Sikka")
No adverse policy changes in the interim budget was a boon: Rahul Arora
The focus on fiscal consolidation led by moderation in government capex aims to reduce the risk of the government crowding out the private sector
 "No adverse policy changes in the interim budget was a boon: Rahul Arora")
Strong emphasis on fiscal consolidation and public investment: Sujan Hajra
Given the robust tax buoyancy seen in recent years and the govt's modest expenditure plans, it is conceivable that the actual fiscal outcomes next year may surpass the budget's projections
 "Strong emphasis on fiscal consolidation and public investment: Sujan Hajra")
Govt to borrow Rs 14.13 trn from market in FY25 to meet revenue shortfall
Finance Minister Nirmala Sitharaman on Thursday proposed to borrow Rs 14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year starting on April 1
 "Govt to borrow Rs 14.13 trn from market in FY25 to meet revenue shortfall")