Page 5 - Latest Updates on Fiscal Deficit
'Govt does not foresee revenue shortfall, aims to achieve deficit target'
As per the Budget, the Centre has estimated the fiscal deficit for 2025-26 at 4.4 per cent of GDP, amounting to Rs 15.69 lakh crore
 "'Govt does not foresee revenue shortfall, aims to achieve deficit target'")
Fiscal deficit slips to 0.8% of full-year target at May-end 2025: CGA data
The fiscal deficit, or gap between the government's expenditure and revenue, had touched 11.9 per cent of the Budget Estimates (BE) for 2025-26 or Rs 1.86 trillion in April
 "Fiscal deficit slips to 0.8% of full-year target at May-end 2025: CGA data")
Moody's review meet with govt to focus on global trade, Indo-Pak conflict
Moody's will meet Indian officials on Thursday in Delhi for its semi-annual review of India's sovereign rating amid rising geopolitical tension and trade disruption
 "Moody's review meet with govt to focus on global trade, Indo-Pak conflict")
Datanomics: Govt betters fiscal deficit target despite lower tax receipts
The credit goes to higher GDP in nominal terms than considered by the Budget
 "Datanomics: Govt betters fiscal deficit target despite lower tax receipts")
Govt outperforms on fiscal deficit, brings it down to 4.77% of GDP in FY25
Capital expenditure for FY 2024-2025 at Rs 10.5 trillion stood at 103.3 per cent of the revised estimate for the year, CGA data showed
 "Govt outperforms on fiscal deficit, brings it down to 4.77% of GDP in FY25")
Govt achieves fiscal deficit target of 4.8% for FY25, shows data
The economic growth in nominal terms for the fiscal 2024-25 is estimated at Rs 3,30,68,145 crore, according to the GDP data released earlier in the day
 "Govt achieves fiscal deficit target of 4.8% for FY25, shows data")
RBI's wider risk buffer range aimed at flexibility in times of uncertainty
RBI revises CRB range to 4.5-7.5% under updated ECF, giving it flexibility to manage surplus transfers and avoid large fiscal shocks in volatile conditions
 "RBI's wider risk buffer range aimed at flexibility in times of uncertainty")
RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report
SBI says higher-than-budgeted dividend from RBI gives government room to lower FY26 fiscal deficit to 4.2 per cent of GDP or increase spending in key areas, amid strong liquidity and BoP outlook
 "RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report")
IMF's Gita Gopinath says US needs to curb fiscal deficit, fix debt burden
Gopinath's remarks follow Moody's downgrade of the US credit rating and highlight rising debt, tax cuts and persistent trade uncertainty under Trump
 "IMF's Gita Gopinath says US needs to curb fiscal deficit, fix debt burden")
India-Pakistan tensions could strain fiscal deficit if conflict escalates
Economists say India's fiscal deficit may widen if tensions with Pakistan persist, although the broader economic impact is expected to be limited if conflict remains contained
Defence spend amid Pak tensions may hit India's fiscal strength: Moody's
Moody's Ratings says India's economy remains resilient despite Pak tensions, but increased defence expenditure could weigh on fiscal strength and delay consolidation
 "Defence spend amid Pak tensions may hit India's fiscal strength: Moody's")
No question of fiscal deficit going out of control: FM Nirmala Sitharaman
Sitharaman's comment comes at a time when forecasting agencies have pared down their FY26 growth estimates for India amid growing global uncertainty
 "No question of fiscal deficit going out of control: FM Nirmala Sitharaman")
China's fiscal revenue falls 1.1% in Jan-Mar 2025 amid ongoing tariff war
China's tax revenue fell 3.5% in the first quarter from the previous year, while non-tax revenue surged 8.8%, the ministry said
 "China's fiscal revenue falls 1.1% in Jan-Mar 2025 amid ongoing tariff war")
India's Apr-Feb fiscal deficit at 85.8% of full-year target, shows data
In the annual budget in February, India revised lower its fiscal deficit target for the current financial year to 4.8% of GDP and aimed to further narrow it to 4.4% in 2025-26
 "India's Apr-Feb fiscal deficit at 85.8% of full-year target, shows data")
RBI increases state bond auction amount to Rs 52,120 cr from Rs 40,120 cr
In the previous auction, the cut-off yield on 10-year state bonds was set in the range of 7.18 per cent to 7.27 per cent
 "RBI increases state bond auction amount to Rs 52,120 cr from Rs 40,120 cr")
TN Budget: Fiscal deficit at 3% of GSDP in FY26; Hosur to be new GCC hub
Finance minister Thangam Thennarasu said that the state's revenue for the financial year 2025-26 is estimated at Rs 3,31,569 crore, while expenditure is estimated at Rs 3,73,204 crore
 "TN Budget: Fiscal deficit at 3% of GSDP in FY26; Hosur to be new GCC hub")
Govt seeks Parliament approval for Rs 51,000 crore extra cash outgo
Gross additional spending to be matched by savings of Rs 6.27 trillion
 "Govt seeks Parliament approval for Rs 51,000 crore extra cash outgo")
Fiscal deficit touches 74.5% of full year target at end-Jan, shows CGA data
In actual terms, the fiscal deficit -- the gap between expenditure and revenue -- was Rs 11,69,542 crore during the April-January 2024-25 period
 "Fiscal deficit touches 74.5% of full year target at end-Jan, shows CGA data")
Reducing fiscal deficit to around 3% of GDP difficult: Govt to IMF
The report further noted that both the IMF and the government saw a need for medium-term fiscal consolidation but considered targeting a more gradual pace of adjustment to be appropriate
Union Budget balances fiscal and growth objectives, says RBI report
According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat
 "Union Budget balances fiscal and growth objectives, says RBI report")