Page 10 - Fiscal Deficit

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

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

Arunachal Pradesh Dy CM presents Rs 993 crore deficit budget for FY25

Arunachal Pradesh Deputy Chief Minister Chowna Mein on Wednesday presented a Rs 993.08-crore deficit budget for 2024-25, focusing on infrastructure, urban development and healthy human resource. 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. Our vision is people-centric and progressive... We are committed to fulfill the aspirations of every person, especially our youth, women and farmers. Staying on this trajectory, by the time we complete the third term in government, there should be no development gaps in the state. We shall be guided by the transformative idea of Viksit Bharat, Viksit Arunachal' as envisioned by Prime Minister Narendra Modi, Mein said. The deputy chief minister said the share of central taxes for the 2024-25 budget has been pegged at Rs 21,431.59 crore, an increase of 19.42 per cent over the 2023-24 estimate.

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

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: Lower fiscal deficit estimate for FY25 cheers bond market

Rupee falls to new low due to weakening stocks

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

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

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

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

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

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

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 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

Govt may scale down fiscal deficit target to 5% or less in Budget: ICRA

The government is likely to lower fiscal deficit to 4.9-5 per cent of the GDP for this financial year in the upcoming Budget aided by revenue buoyancy. The government had pegged the fiscal deficit estimate at 5.1 per cent for the current fiscal year when it presented the interim Budget in February. "The union government is likely to set a fiscal deficit target at 4.9-5 per cent, lower than projected 5.1 per cent of GDP, without compromising the capital expenditure target of Rs 11.1 lakh crore," ICRA Chief Economist Aditi Nayar told PTI. Finance Minister Nirmala Sitharaman is set to present the full Budget on July 23. This will be her seventh Budget in a row. This budget aims to set the foundation for India's journey towards becoming a developed nation (Viksit Bharat) by 2047. The government achieved a fiscal deficit of 5.6 per cent of the GDP during the previous financial year. "There is also a high likelihood of reducing the net market borrowings for the current financial year by

Full Budgets tend to realign fiscal deficits set in interim Budgets

Analysis of fiscal trends since 1991 reveals that full Budgets typically reduce fiscal and revenue deficits set in interim budgets, with notable exceptions during economic crises and major reforms

Budget Watch: FinMin confident of sticking to fiscal deficit of 5.1% of GDP

However, this path may not be as easy for the government to tread

India's rating upgrade likely in 2 years if fiscal deficit falls to 4%: S&P

The central government estimates to bring down fiscal deficit to 5.1 per cent of the GDP in the current fiscal, from 5.63 per cent in 2023-24

Centre may hike transfers to farmers under PM Kisan, MGNREGA: Elara Capital

It added that the Centre is likely to retain the fiscal deficit target of 5.1 per cent for 2024-25 with a possibility of a downward revision of 10 basis points