Page 41 - Latest Updates on Fiscal Deficit
Fiscal deficit won't matter if spending is prudent, says Pronab Sen
Terming the economic situation as 'very bad,' Sen said that post 2016-17 India's economic statistics measuring GDP growth were 'largely guess work'
 "Fiscal deficit won't matter if spending is prudent, says Pronab Sen")
Fiscal deficit target breached, won't advise tightening: Abhijit Banerjee
The Union Budget will be presented by Union Finance Minister Nirmala Sitharaman in February 2020.
 "Fiscal deficit target breached, won't advise tightening: Abhijit Banerjee")
Govt set to breach fiscal deficit target, shows GDP advance estimates
If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent
 "Govt set to breach fiscal deficit target, shows GDP advance estimates")
Pre-Budget meet: Fundamentals are strong, economy will rebound, says PM
Economists ask Modi to restore data credibility, provide stimulus
 "Pre-Budget meet: Fundamentals are strong, economy will rebound, says PM")
Indian economy needs govt spending even if fiscal deficit widens: Official
The government should invoke the escape clause under the FRBM Act but stay within the prescribed 0.5 per cent wiggle room allowed in an extraordinary year under the guidelines, said the official
 "Indian economy needs govt spending even if fiscal deficit widens: Official")
Public finances: Something doesn't add up
Revenues for 2019-20 projected in the July Budget simply cannot be realised
 "Public finances: Something doesn't add up")
Govt may breach fiscal deficit target; need for stimulus rises: Report
The government has set a 3.3 per cent fiscal deficit target for the current fiscal.
 "Govt may breach fiscal deficit target; need for stimulus rises: Report")
Fiscal deficit hits 115% of Budget estimate at Rs 8.07 trillion till Nov
The fiscal deficit or the gap between expenditure and revenue was at Rs 8,07,834 crore as on November 30, 2019
Fiscal deficit at 3%: A sensible target despite questions about its origin
The number wasn't imported from the Maastricht Treaty, but is a synthesis of the experiences of various countries within and outside the accord
 "Fiscal deficit at 3%: A sensible target despite questions about its origin")
Podcast: Nirmala Sitharaman's various moves to help revive the economy
Finance ministry is working out mechanism to release the money, stuck after it sanctioned the amount to other ministries & departments for various projects and schemes, to prop up the sagging economy
 "Podcast: Nirmala Sitharaman's various moves to help revive the economy")
Fiscal deficit zooms to 61% of BE in Apr-Jun qtr
The government estimates fiscal deficit in 2016-17 to be Rs 5.33 lakh crore or 3.5% of GDP
 "Fiscal deficit zooms to 61% of BE in Apr-Jun qtr")
A blueprint for fiscal management & development
The Delhi government has focused its spends on essential services
India Ratings estimates fiscal deficit of states to touch 3% of GDP
This fiscal slippage will originate from a decline in tax revenue, a lower nominal GDP and higher expenditure, it said
 "India Ratings estimates fiscal deficit of states to touch 3% of GDP")
India's fiscal deficit rises to 115% of target in 8 months of FY20
The gap between the government's revenue and spending stood at Rs 8.07 trillion at the end of November - Rs 1 trillion (13 per cent) more than the full-year target.
A real Budget, please: This one has to confront severe resource restraints
In Budget 2020 speech, the FM should state how she intends to return to the 7% track, and the hard decisions she will take to adjust to the realities of a slowing economy, writes T N Ninan
Steeply falling revenue risks fiscal parameters, could be a challenge: RBI
What is more pertinent is the divestment revenue. Of the Rs 1.05 lakh crore budgeted for the year, only 17 per cent have been achieved so far
 "Steeply falling revenue risks fiscal parameters, could be a challenge: RBI")
India should avoid fiscal stimulus and reduce public debt, IMF says
Government needs a credible consolidation path to rein in debt, including reducing subsidies and boosting the tax base, says IMF.
 "India should avoid fiscal stimulus and reduce public debt, IMF says")
India must stick to fiscal consolidation in medium-term, says Gita Gopinath
India's consolidated deficit (the Centre and states combined) is the highest among G20 nations, she added. "So, it's not a free lunch and this has to be very carefully managed," she said
 "India must stick to fiscal consolidation in medium-term, says Gita Gopinath")
Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman
State FMs had met Sitharaman for a pre-Union Budget interaction
 "Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman")
Fiscal deficit for April-November likely stood at 107% of FY20 target
For the deficit to be 3.3 per cent of GDP, it assumes a nominal GDP growth of 12 per cent in FY20