Page 18 - Latest Updates on Fiscal Deficit
India's April-July fiscal deficit recorded at 20.5% of FY23 target
The centre spent Rs 1.1 trillion or 35% of the full year's estimate for food, fertiliser and petroleum subsidies
 "India's April-July fiscal deficit recorded at 20.5% of FY23 target")
Top headlines: Q1 GDP grows 13.5%; fiscal deficit at 20.5% of FY23 target
India's economy achieved its fastest annual expansion in a year in the April-June quarter, according to NSO data
 "Top headlines: Q1 GDP grows 13.5%; fiscal deficit at 20.5% of FY23 target")
India's April-July fiscal deficit at Rs 3.41 trn, 20.5% of FY23 target
Net tax receipts stood at Rs 6.66 trn while total expenditure was Rs 11.26 trn, shows govt data
 "India's April-July fiscal deficit at Rs 3.41 trn, 20.5% of FY23 target")
Lanka aims to lower fiscal deficit to 6.8% in budget 2023: Senior minister
Sri Lanka is planning to cut the budget deficit to 6.8 per cent of gross domestic product in 2023 from an expected 9.9 per cent in 2022
 "Lanka aims to lower fiscal deficit to 6.8% in budget 2023: Senior minister")
India's FY23 fiscal deficit may come around 6.5%, says SBI Ecowrap
The report has also revised current account deficit estimates from 3.2% of GDP to 3.7% of GDP in the current financial year
 "India's FY23 fiscal deficit may come around 6.5%, says SBI Ecowrap")
Centre's revenue receipts rise just 5% to Rs 5.7 trillion in June quarter
April-June fiscal deficit at 21.2% of Budget Estimates
 "Centre's revenue receipts rise just 5% to Rs 5.7 trillion in June quarter")
India's fiscal deficit touches 21.2% of annual target in Q1: Govt data
In actual terms, the fiscal deficit was at Rs 3.51 trn at the end of the first quarter of 2022-23, data from the Controller General of Accounts showed
Fiscal deficit expected to follow previous years' trend in June quarter
Centre's capex outlay may touch 20 per cent of full-year target in Q1 at Rs 1.5 trillion
 "Fiscal deficit expected to follow previous years' trend in June quarter")
Sri Lanka Crisis: Are Indian states on the same path to economic distress?
The RBI, in a report in June 2022, said that several Indian states are posting worrisome numbers, mainly due to populist measures
 "Sri Lanka Crisis: Are Indian states on the same path to economic distress?")
Expect fiscal slippage of 0.4% in FY23, says brokerage firm Nomura
The Centre's reversal on windfall taxes within 18 days of announcing the moves led a Japanese brokerage to flag its impact on fiscal math.
 "Expect fiscal slippage of 0.4% in FY23, says brokerage firm Nomura")
Fertiliser stks prey to subsidy withdrawal risk, high input costs: Analysts
Fertiliser Stocks: The risk of a breach of the government's fiscal deficit target could play a spoilsport for the sector as it could prompt the Centre to cut back on subsidy support, analysts believe
 "Fertiliser stks prey to subsidy withdrawal risk, high input costs: Analysts")
IMF has warned that a long downturn is happening. But is anyone listening?
The IMF has not minced any words when it comes to fiscal policy. It has always advocated tight control over the political inclination to spend now and let someone else worry about the future
A makeover for North Block
The Indian economy faces tough challenges, but the pressure today is more on Mint Road
 "A makeover for North Block")
Govt committed to 6.4% fiscal deficit target for FY23, says report
India's macroeconomic fundamentals are strong to deal with challenges and the central government is committed to stick to the fiscal deficit target of 6.4 per cent of the GDP for the current fiscal
 "Govt committed to 6.4% fiscal deficit target for FY23, says report")
Twin deficit problem: What does it mean and how does it affect an economy?
The finance ministry recently said that India is at low risk of stagflation. But it also cautioned about a twin deficit problem that India may face. This report tells us what it means
 "Twin deficit problem: What does it mean and how does it affect an economy?")
Centre's fiscal deficit hits 12.3% of full-year target in April-May period
Non-tax revenue came in at Rs 49,251 crore, or 18.3 per cent of the full year target of Rs 2.69 trillion, compared with 48 per cent for the same period last year
 "Centre's fiscal deficit hits 12.3% of full-year target in April-May period")
Top headlines: Shinde next Maha CM; cryptos a clear danger, says RBI's Das
Business Standard brings you the top headlines on Thursday
 "Top headlines: Shinde next Maha CM; cryptos a clear danger, says RBI's Das")
Centre's fiscal deficit at 12.3% of full-year target in May: Govt data
The fiscal deficit was at 8.2 per cent of the Budget Estimate (RE) of 2021-22 during the corresponding period
 "Centre's fiscal deficit at 12.3% of full-year target in May: Govt data")
Dept of Expenditure warns against extending the free food scheme: Report
In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation
 "Dept of Expenditure warns against extending the free food scheme: Report")
India aims to keep FY23 fiscal deficit at last year's level: Report
Efforts to maintain some fiscal discipline reflect New Delhi's concern around risks to its sovereign credit rating, but will likely limit the govt's firepower