Page 46 - Latest Updates on Fiscal Deficit
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")
Govt committed to fiscal consolidation, helping infrastructure: Sitharaman
The government has set the fiscal deficit target at 3.3 per cent of GDP for 2019-20, says Finance Minister.
 "Govt committed to fiscal consolidation, helping infrastructure: Sitharaman")
The algebra of state spending
Net tax revenues are expected to surge by 25.3 per cent, non-tax ones by 27.2 per cent & disinvestment by 23.5 per cent
 "The algebra of state spending")
Handle with care
Sovereign borrowing in foreign currency has inherent risk
 "Handle with care")
Budget 2019: Govt lower fiscal deficit target to 3.3% from 3.4% for FY20
While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent
 "Budget 2019: Govt lower fiscal deficit target to 3.3% from 3.4% for FY20")
Centre cuts reliance on market borrowings to finance fiscal deficit
Share of market borrowings to bridge the fiscal deficit has plunged from 89 per cent in FY15 to 71 per cent in FY19
 "Centre cuts reliance on market borrowings to finance fiscal deficit")
Budget 2019: Time for govt to restore its credibility, get numbers right
Restoring the finance ministry's credibility requires more than ensuring that the fiscal deficit numbers are believable
 "Budget 2019: Time for govt to restore its credibility, get numbers right")
Some medium-term fiscal arithmetic
A medium-term macro-fiscal exercise will make clear the analytical choices and trade-offs that the government faces
 "Some medium-term fiscal arithmetic")
Fiscal deficit hits 52% of FY20 budgeted target at Rs 3.66 trillion
Net tax receipts in the first two months of the fiscal year were Rs 1.15 trillion, while total expenditure was Rs 5.13 trillion, government data showed
 "Fiscal deficit hits 52% of FY20 budgeted target at Rs 3.66 trillion")
Pace of revenue expenditure slows as fiscal deficit target looms
Finance Minister Arun Jaitley has said the fiscal deficit target of 3.3 per cent of gross domestic product (GDP) will be met without any cut in capital expenditure
Fiscal deficit hits 52% of budgeted target in first two months of FY20
Expenditure during the April-May period stood at Rs 5.12 trillion or 18.4 per cent of the Budget estimates
 "Fiscal deficit hits 52% of budgeted target in first two months of FY20")
Greater slippage likely to raise questions over fiscal arithmetic for FY20
The interim Budget pegs collections from CGST for the full year at Rs 5.04 trillion
 "Greater slippage likely to raise questions over fiscal arithmetic for FY20")
Fiscal deficit to revenue target: Crunching the Budget numbers
With GST revenues coming well below expectations, the Centre failed to meet its budgeted fiscal deficit target yet again
 "Fiscal deficit to revenue target: Crunching the Budget numbers")
States, schemes and disaster management bear cost of fiscal discipline
Farm sector spend took a hit, as PM-KISAN beneficiaries remained largely unidentified
 "States, schemes and disaster management bear cost of fiscal discipline")
Achieving a fiscal miracle
The government managed to recover more by way of loan repayments and increase its disinvestment receipts over and above what was mentioned in the revised estimates
Modi govt meets revised fiscal deficit target of 3.4% for 2018-19
The revenue deficit for the entire FY19 came in at 108.2% of the full year target, compared to 102% for FY18
Govt meets its interim budget fiscal deficit target of 3.4% for 2018-19
In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 trillion as against Rs 6.34 trillion in the revised estimates of Budget
 "Govt meets its interim budget fiscal deficit target of 3.4% for 2018-19")
States may cause fiscal slippage because of populist schemes, warns RBI
Loan waivers, income support schemes are 'poor fiscal marksmanship', says RBI in meeting with Finance Commission.
 "States may cause fiscal slippage because of populist schemes, warns RBI")
Why the government must sell urban land
The time has come for the finance ministry and the RBI governor to sit down and work out a new way of 'additional resource mobilisation'
Govt manages to meet revised fiscal deficit target of 3.4% of GDP
Finance Secretary Subhash Chandra Garg said the government is close to meeting fiscal deficit target of 3.4% for 2018-19