Page 23 - Latest Updates on Fiscal Deficit
India's April-August fiscal deficit recorded at 32.6% of FY23 target
Sabnavis said the progress till August shows that the government's accounts are on course compared with last year
 "India's April-August fiscal deficit recorded at 32.6% of FY23 target")
Fiscal deficit touches 32.6% of annual target till August this fiscal
As per the data released by the Controller General of Accounts (CGA), the government's total receipts, including taxes, stood at Rs 8.48 trn or 37.2 per cent of the Budget Estimates (BE)
 "Fiscal deficit touches 32.6% of annual target till August this fiscal")
S&P affirms Kerala's 'BB-/B' rating, gives outlook stable to state
Deficits resulting from spending on socio-economic programmes constrain ratings for the state: Agency
 "S&P affirms Kerala's 'BB-/B' rating, gives outlook stable to state")
Depreciating rupee not likely to cause fiscal slippage, say experts
Petroleum, fertiliser imports to become expensive, subsidy bill set to rise
 "Depreciating rupee not likely to cause fiscal slippage, say experts")
Strong dollar vs foreign inflows: Rupee in fine balance ahead of Fed meet
Analysts expect rupee to trade in the range of 78-80 per dollar, for now
 "Strong dollar vs foreign inflows: Rupee in fine balance ahead of Fed meet")
Best of BS Opinion: Policy balance, slowdown in global demand, and more
Here is the best of Business Standard's opinion pieces for Thursday
 "Best of BS Opinion: Policy balance, slowdown in global demand, and more")
Policy balance
Higher trade and fiscal deficits can create risks
 "Policy balance")
Domestic airline industry may report up to Rs 17k-cr loss in FY23: Report
Domestic airlines industry is expected to report a net loss of around Rs 15,000-17,000 crore this fiscal on account of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee, a report said
 "Domestic airline industry may report up to Rs 17k-cr loss in FY23: Report")
Centre's fiscal deficit at 5.2% of GDP in Q1; experts say it may widen
Expect capex to pick up in the second half of the year and inch closer to 6.4% Budget estimate for full year
 "Centre's fiscal deficit at 5.2% of GDP in Q1; experts say it may widen")
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
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
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")