Page 47 - Latest Updates on Fiscal Deficit
April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark
Data by the Controller General of Accounts showed that total expenditure for April-June was Rs 7.22 trillion
 "April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark")
Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of budget estimate
The CGA data showed that revenue receipts of the government during April-June, 2019-20 was 14.4 per cent of the Budget Estimate
 "Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of budget estimate")
Fiscal deficit crosses 61% of budgeted target in first 3 months of FY20
Net tax receipts in the first three months of the fiscal year were Rs 2.51 trillion
 "Fiscal deficit crosses 61% of budgeted target in first 3 months of FY20")
Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit
 "Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60")
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")
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
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
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