Page 47 - Latest Updates on Fiscal Deficit
Govt close to meeting fiscal deficit target of 3.4%: Economic Affairs Secy
The government at many occasions had indicated that there might be some shortfall on indirect taxes collection side during 2018-19 but not on direct tax front
 "Govt close to meeting fiscal deficit target of 3.4%: Economic Affairs Secy")
India's April-February fiscal deficit at 134% of FY target: Govt data
India's April-February fiscal deficit touched Rs 8.51 trillion ($123.07 billion), or 134.2 per cent of the budgeted target for the current fiscal year
 "India's April-February fiscal deficit at 134% of FY target: Govt data")
To meet fiscal target, govt to compress spending by Rs 60,000 crore
This compression will include subsidy carry-overs of as much as Rs 35,000 crore, ministries returning unspent amounts of as much as Rs 20,000 crore combined, and capital expenditure (capex) cuts
 "To meet fiscal target, govt to compress spending by Rs 60,000 crore")
Govt will meet fiscal deficit target of 3.4 per cent in FY'19: S C Garg
As per the interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 per cent for the current fiscal year ending March 31
Fiscal deficit woes: Slight relief to govt from new GDP numbers
Economists are hopeful that the government will be able to rein in fiscal deficit at the revised targeted level
 "Fiscal deficit woes: Slight relief to govt from new GDP numbers")
Fiscal deficit breaches full-year target by 21.5% in 10 months
Capital expenditure contracts 13% in April-January period
 "Fiscal deficit breaches full-year target by 21.5% in 10 months")
Fiscal deficit touches 121.5% of full-year target at Rs 7.70 trn in Jan
At the end of January 2018, the deficit was 113.7 per cent of the Revised Estimate (RE)
Small savings, fuel tax help govt reduce fiscal deficit to 3.4 % in FY19
In FY19, small savings grew 40%; may avert spike in bond yields, say experts
 "Small savings, fuel tax help govt reduce fiscal deficit to 3.4 % in FY19")
Govt may roll over Rs 33,000-35,000 crore in subsidy payments to FY20
Business Standard has learnt from senior government officials that the petroleum subsidy amount rolled over to FY20 will be around Rs 13,000 crore
 "Govt may roll over Rs 33,000-35,000 crore in subsidy payments to FY20")
To meet debt target by 2025, efforts required to reduce fiscal deficit: IMF
The New York Times in a news report after the presentation of the interim budget said that it was packed with handouts
 "To meet debt target by 2025, efforts required to reduce fiscal deficit: IMF")
Centre's fiscal deficit till December exceeds FY19 target by 11%
On the other hand, total expenditure was up 7.8% at the end of Dec, compared to the same period last year
 "Centre's fiscal deficit till December exceeds FY19 target by 11%")
Fiscal deficit hits 112.4% of FY19 target at Rs 7.01 trn in Apr-Dec
Govt has revised upward its fiscal deficit target to 3.4% of GDP in the current fiscal year from the previously estimated 3.3%
 "Fiscal deficit hits 112.4% of FY19 target at Rs 7.01 trn in Apr-Dec")
FY20 fiscal deficit to overshoot target, slip to 3.6%: Fitch Solutions
It said that 2019-20 Budget appears to show a strong populist bent in the run-up to the general elections due by May 2019
 "FY20 fiscal deficit to overshoot target, slip to 3.6%: Fitch Solutions")
Letter to BS: Time to improve the fiscal architecture of Indian economy
The long-term solution lies in mapping the nation's unaccounted for wealth and considering a realistic taxation policy that covers high income groups and agricultural income
 "Letter to BS: Time to improve the fiscal architecture of Indian economy")
We are on glide path for fiscal consolidation: DEA Secretary Subhash Garg
It appeared that there could be a positive impact on fiscal deficit. But, we need to look at the data more deeply
 "We are on glide path for fiscal consolidation: DEA Secretary Subhash Garg")
FY19 will end with fiscal deficit of 3.3% of GDP, says DEA Secy S C Garg
Primary deficit refers to the deficit left after subtracting interest payments from the fiscal deficit
 "FY19 will end with fiscal deficit of 3.3% of GDP, says DEA Secy S C Garg")
SBI Research report backs govt to meet fiscal deficit target this year
The report also pegged fiscal deficit for FY20 at 3.2 per cent
Farm schemes to push state fiscal deficits to 3.2% of GDP in FY'20: Ind-Ra
In the current financial year, states are expected to witness a fiscal slippage of 0.2 percentage points to 2.8% of GDP in 2018-19
 "Farm schemes to push state fiscal deficits to 3.2% of GDP in FY'20: Ind-Ra")
Missing the wood for the trees
This misplaced excitement at having uncovered some non-existent fiscal jugglery is a consequence of lazy analytical thinking which governments cheerfully exploit
States' fiscal deficit to breach target, may go up to 3.2% in FY20: Report
The agency expects states' aggregate revenue expenditure to grow 18.9 per cent to Rs 33.28 trillion in FY20
 "States' fiscal deficit to breach target, may go up to 3.2% in FY20: Report")