Fiscal Deficit

Mining dependence, rising borrowings hit Chhattisgarh's fiscal health

An NCAER study flags Chhattisgarh's reliance on volatile mining revenue, rising subsidies and widening deficits, warning that its debt-to-GSDP ratio could climb further.

Best of BS Opinion: Government must get real on spending

Today's opinions examine India's critical-minerals strategy, FSSAI's food-warning labels, Budget discipline, the RBI's dollar-rupee swaps and lessons from industrial policy

Centre spends 37% of capital expenditure target in four months

Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July, while the fiscal deficit fell nearly 3 per cent to Rs 4.55 trillion

Centre's FY27 fiscal deficit touches 26.8% of full year target at end July

In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 4,55,144 crore in the April-July period of the 2026-27 fiscal year

India state fiscal health: Arunachal logs highest revenue surplus in FY25

Business Standard's State Fiscal Health Tracker compares states and Union Territories on revenue deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

India state fiscal health: Delhi records lowest fiscal deficit in FY25

Business Standard's State Fiscal Health Tracker compares states and Union Territories on gross fiscal deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

S&P Global affirms India's BBB sovereign rating, flags slippage risk

Rating agency retains stable outlook, citing policy stability and infrastructure investment, but sees risks to Centre's FY27 fiscal deficit target from revenue, subsidy pressures

Weekly economy wrap: Tax collections rise, but inflation and trade gap bite

Stronger tax collections and exports offered support, but higher inflation, a widening trade deficit and elevated debt kept macroeconomic risks in focus

Evolving West Asia crisis may have fiscal impact in FY27: FinMin to panel

The ministry said its fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks

Bihar tops states' fiscal strain with 5.8% fiscal deficit, says Crisil

Deficits stayed particularly high in Madhya Pradesh, Tamil Nadu, Uttar Pradesh and Telangana, apart from Bihar, according to the study

Govt's debt-to-GDP ratio at 58.2% in FY26, 210 bps above target of 56.1%

The government will have to cut its debt-to-GDP ratio by 260 basis points in the current financial year to meet the Budget Estimate of 55.6 per cent for FY27

States' deficits run deeper than their Budgets, show CAG reports

CAG audits reveal that several Indian states understated their fiscal gaps in 2024-25 due to accounting practices, off-budget borrowings, and unrecorded liabilities

Centre exhausted 18% of fiscal deficit in Q1FY27, shows CGA data

Fiscal deficit stood at 18.2 per cent of the FY27 target as higher subsidy spending was offset by robust revenue growth and sustained capital expenditure

April-June fiscal deficit of India stood at 18.2% of 2026/27 target

Government data showed India's fiscal deficit reached Rs 3.1 trillion, or 18.2% of the FY27 target, as capital expenditure and overall spending increased in the first quarter

States are borrowing just to get by, not to build productive assets

Even prosperous southern states used a large part of FY25 debt for operational expenses

Tax collections slow down, pinching Centre and states' finances alike

States' own tax revenue now exceeds half of revenue receipts, but falling tax buoyancy suggests collections are not keeping pace with economic growth

TN govt taps Montek Singh Ahluwalia to chart roadmap for boosting revenue

Six-member panel will recommend measures to improve tax and non-tax revenues, enhance compliance and fiscal self-reliance amid the state's rising debt burden

We need a big breakthrough somewhere… a big project: West Bengal FM

West Bengal Finance Minister Swapan Dasgupta says the state needs a breakthrough investment project to revive industry, restore investor confidence and drive economic growth

Growth will be driven by project execution, not announcement: Odisha CM

Odisha Chief Minister Mohan Charan Majhi says the state is shifting from attracting investments to executing projects, with manufacturing and jobs driving growth

States' fiscal math in the age of 'freebies': Stable, but strains remain

While aggregate finances remain stable, high debt and welfare handouts weigh on some budgets