Page 48 - Latest Updates on Fiscal Deficit
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
 "Modi govt meets revised fiscal deficit target of 3.4% for 2018-19")
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
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 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")