Page 14 - Latest Updates on Fiscal Deficit
Centre's fiscal deficit widens to 67.8% of revised full-year target
Govt capex stays strong, 29% higher in 10 months of FY23
 "Centre's fiscal deficit widens to 67.8% of revised full-year target")
Apr-Jan fiscal deficit comes at $144.19 bn; touches 68% of full-year target
India aims to end the current fiscal year with a budget deficit of 6.4 per cent
 "Apr-Jan fiscal deficit comes at $144.19 bn; touches 68% of full-year target")
Top headlines: Adani stcks remain in MSCI indices, TikTok fires India staff
Business Standard brings you the top headlines at this hour
 "Top headlines: Adani stcks remain in MSCI indices, TikTok fires India staff")
Rs 1.5-trn spending rationalisation helps govt meet FY23 deficit target
Without the expenditure rationalisation, the Revised Estimates (RE) for the Centre's total spending would have been about Rs 43.4 trillion instead of Rs 41.9 trillion
 "Rs 1.5-trn spending rationalisation helps govt meet FY23 deficit target")
How credible is path of improving quality of fiscal deficit going forward?
Centre's fiscal deficit is projected to come down to 5.9% of GDP next financial year from 6.4% in the current financial year
 "How credible is path of improving quality of fiscal deficit going forward?")
Govt to meet fiscal target in coming year, capex a longer shot, shows poll
A key government objective is to bring the deficit down to 4.5% of GDP by 2025/26. Respondents were evenly split on whether it would succeed
 "Govt to meet fiscal target in coming year, capex a longer shot, shows poll")
Budget proposals don't change our long-term preferences: Abhiram Eleswarapu
'Consensus forecasts call for a 16 per cent earnings compounded annual growth through FY25, with margin expansion baked in across most sectors', said Eleswarapu
 "Budget proposals don't change our long-term preferences: Abhiram Eleswarapu")
A growth-oriented Budget, says NSE MD & CEO Ashishkumar Chauhan
"The Budget would support growth and the Indian consumption story, and keep us in good stead, given headwinds in China and developed markets and until the rest of the world eases"
 "A growth-oriented Budget, says NSE MD & CEO Ashishkumar Chauhan")
Budget 2023: Many hits, few misses as Centre sticks to fiscal consolidation
The target of 5.9% is also likely to be met next year, finally bringing it down to below 4.5% of GDP in the financial year 2025-26
 "Budget 2023: Many hits, few misses as Centre sticks to fiscal consolidation")
Union Budget 2023-24: Marching ahead on a sustainable growth path
The biggest push came for the infrastructure sector, with a more than expected - i.e. 33 per cent - hike in capex that should boost private investment and spur employment generation
 "Union Budget 2023-24: Marching ahead on a sustainable growth path")
Fiscally prudent, but electorally savvy
In 2022-23, the finance minister hopes to grow her net revenue receipts by 8 per cent even as her revenue expenditure would increase by a similar rate
Budget 2023: FM sticks to fiscal road map, targets deficit of 5.9% in FY24
The fiscal deficit is the difference between the government's expenditure and revenues when the former is higher
 "Budget 2023: FM sticks to fiscal road map, targets deficit of 5.9% in FY24")
Domestic cyclicals key gainers from the infra push in the Budget
Street is bearish on exporters while there is a mixed opinion on the consumption basket
 "Domestic cyclicals key gainers from the infra push in the Budget")
India to see challenges in meeting fiscal glide path, says Fitch analyst
The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.4% in 2022/23, according to revised estimates
 "India to see challenges in meeting fiscal glide path, says Fitch analyst")
Union Budget 2023 augments capex without sacrificing fiscal consolidation
The quality of the fiscal deficit is also set to improve in FY24, with capex accounting for a much larger share of the same vis-a-vis FY23
 "Union Budget 2023 augments capex without sacrificing fiscal consolidation")
Budget 2023 ticks all checkboxes; Adani group stocks played spoilsport
It is typical of markets to rally ahead of the budget proposals and see some profit taking once the measures are announced. This time, however, the Adani group stocks played spoilsport
 "Budget 2023 ticks all checkboxes; Adani group stocks played spoilsport")
Budget 2023 delivers on all counts; pushes hard on capex, growth
Budget 2023 has more or less maintained the ratio of size of the budget to GDP to around 15 per cent.
 "Budget 2023 delivers on all counts; pushes hard on capex, growth")
Budget likely to push spending to support growth, while lowering deficit
Although the government faces elections in key states this year and a national vote in 2024, the budget is unlikely to offer major relief to households due to fiscal constraints
Eco Survey is assuring; believes we have completely regained lost ground
The Economic Survey 2023-24 is assuring and it affirms that we have completely regained lost ground, says Madan Sabnavis
 "Eco Survey is assuring; believes we have completely regained lost ground")
India's April-Dec fiscal deficit touches 60% of full-year target: Govt data
Net tax receipts rose to Rs 15.56 trillion while total expenditure was Rs 28.18 trillion, the data showed
 "India's April-Dec fiscal deficit touches 60% of full-year target: Govt data")