Page 6 - Latest Updates on Fiscal Deficit
After FY26, fiscal deficit target will be a range: Finance Secy Somanathan
Path towards a reduction in the debt-GDP ratio will be announced later
 "After FY26, fiscal deficit target will be a range: Finance Secy Somanathan")
April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target
Total government expenditure during the period was Rs 9.7 trillion, or about 20.4 per cent of the annual goal, lower than the Rs 10.51 trillion in the same period last year
 "April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target")
Government estimates its total debt to increase to Rs 185 trn in FY25
The total debt stood at Rs 171.78 trillion, or 58.2 per cent of the gross domestic product (GDP), at the end of March 2024
 "Government estimates its total debt to increase to Rs 185 trn in FY25")
Meity receives lion's share of PLI scheme and semiconductor outlay
The good news is that the automotive sector, which provides incentives for electric vehicles and components, is finally taking off
 "Meity receives lion's share of PLI scheme and semiconductor outlay")
FY25 Budget confirms govt's commitment to reduce fiscal deficit: Fitch
The government's fiscal deficit target for FY25 is significantly below the 5.4 per cent that the ratings agency anticipated when it affirmed India's 'BBB-' rating, with a stable outlook, in January 20
 "FY25 Budget confirms govt's commitment to reduce fiscal deficit: Fitch")
Fiscal clarity needed
India needs medium-term targets
Union Budget 2024: On prudent path, towards long-term sustainability
For the first time, the government has rolled out a package to raise the long-term employability of the country's youth and incentivise their hiring by corporates
 "Union Budget 2024: On prudent path, towards long-term sustainability")
Govt changes stance on fiscal consolidation, prioritises debt reduction
Finance Secretary said the figure of 3% for fiscal deficit does not take into account the specific dynamics of a fast growing economy like India
 "Govt changes stance on fiscal consolidation, prioritises debt reduction")
Arunachal Pradesh Dy CM presents Rs 993 crore deficit budget for FY25
Mein, who also holds the Finance, Planning and Investment portfolios, said the budget estimate is pegged at Rs 35,840.79 crore, a 20.85-per cent increase over the 2023-24 figure.
 "Arunachal Pradesh Dy CM presents Rs 993 crore deficit budget for FY25")
India needs to monetise assets to support spending, says JPMorgan
The federal budget released Tuesday targeted a smaller fiscal deficit for this year on the back of a record dividend from the Reserve Bank of India
 "India needs to monetise assets to support spending, says JPMorgan")
Budget 2024 is growth oriented, addresses right sectors: Vikas Khemani
Union Budget 2024 analysis: The government has laid out a clear vision for 'Viksit Bharat' by addressing key areas - agricultural reforms, manufacturing push and employment generation among others
 "Budget 2024 is growth oriented, addresses right sectors: Vikas Khemani")
Budget 2024: Lower fiscal deficit estimate for FY25 cheers bond market
Rupee declines to new low over fall in domestic equities
 "Budget 2024: Lower fiscal deficit estimate for FY25 cheers bond market")
From capital gains tax to job creation, understanding Union Budget 2024
Budget 2024: While some of the announcements were on expected lines, many have led to a surprise among investors
 "From capital gains tax to job creation, understanding Union Budget 2024")
Well-focused Budget 2024 with special development thrust: Madan Sabnavis
Union Budget 2024-25 news: There has been some comfort provided to individuals who opt for the new income tax scheme as there is some rationalisation across the slabs
 "Well-focused Budget 2024 with special development thrust: Madan Sabnavis")
Budget 2024: FM Sitharaman reduces fiscal deficit for FY25 to 4.9% of GDP
This is 20 basis points lower than 5.1 per cent announced in the interim budget
 "Budget 2024: FM Sitharaman reduces fiscal deficit for FY25 to 4.9% of GDP")
Tax cuts to welfare support: Here's what to expect from Modi 3.0 1st Budget
Government is expected to reduce its deficit target slightly from the 5.1 per cent of gross domestic product projected before the elections
 "Tax cuts to welfare support: Here's what to expect from Modi 3.0 1st Budget")
Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024
Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget
 "Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024")
Negative surprise on fiscal deficit unlikely in Budget: Nippon India MF CIO
The current government, right from 2014, has shown an inclination to maintain fiscal discipline, he says
 "Negative surprise on fiscal deficit unlikely in Budget: Nippon India MF CIO")
Fiscal headroom should be used to spend on social sector, says Ficci
The economists said the fiscal deficit target for 2024-25 could be slightly lowered, from the 5.1 per cent estimate laid out in the Interim Budget earlier this year
 "Fiscal headroom should be used to spend on social sector, says Ficci")
Fiscal policy reset needed, especially after a difficult Covid phase
Government intervention during the pandemic seemed conscious of the fact that India's fiscal position was not very strong at the beginning of the crisis
 "Fiscal policy reset needed, especially after a difficult Covid phase")
