Deficit

The rising trend of Indian students studying abroad and the declining number of foreign students in India have contributed to a significant $6 billion deficit in the country's current account balance

The banking system's liquidity primarily stayed in deficit during the third quarter of the current financial year and it widened further in January, driven by tax outflows

Earlier this month, finance minister for state Bhagwat Karad said that the Centre was confident of meeting the fiscal deficit target of 5.9% in FY24

VRR auctions, govt spending likely to help ease situation

Between April and October this year, the fiscal deficit was recorded at Rs 8.04 trillion as compared to Rs 7.57 trillion in the same period last year

The total cost of the new tax and spending measures is C$20.8 billion ($15.2 billion) over six years, according to a fiscal update from Finance Minister Chrystia Freeland

The general government deficit and debt moderated to 9.4% and 86.5% of GDP, respectively, in 2022-23 from peak levels of 13.1% and 89.4% in 2020-21 respectively, says RBI

Deficit in overall indirect tax receipts likely due to contraction in customs and excise collections

SBP said the country's current account deficit shrank by 90 % in January from the same month last year as the government continued with its strategy to restrict imports

Deficits resulting from spending on socio-economic programmes constrain ratings for the state: Agency

Large borrowing states not coming to the market or drawing down less than indicated amounts

The state has negotiated a series of crises in the form of natural disasters to the Covid pandemic with a great amount of resilience since 2017

Revenue shortfalls in India, the major economy hardest hit by the pandemic, are likely to force the government to borrow more, but it will only consider monetising its deficit as a last resort

Monetisation of deficit is unlikely to spark inflation

Fiscal hawks argue such proposals will merely sow the seeds for more trouble. But the needle seems to be shifting on how much debt an economy can safely carry

To cut costs, Guterres mentioned postponing conferences and meetings and reducing services, while also restricting official travel to only essential activities

Economists forecast fall up to $118.9 billion in fourth quarter. For 2015, it totaled $484.1 billion, largest since 2008