Page 13 - Fiscal Deficit

FM delivers a prudent, pragmatic and progressive budget, says Sundeep Sikka

From an equity market perspective, some of the positives appear to be considered in valuations and therefore return expectations from near term perspective should be moderate

No adverse policy changes in the interim budget was a boon: Rahul Arora

The focus on fiscal consolidation led by moderation in government capex aims to reduce the risk of the government crowding out the private sector

Strong emphasis on fiscal consolidation and public investment: Sujan Hajra

Given the robust tax buoyancy seen in recent years and the govt's modest expenditure plans, it is conceivable that the actual fiscal outcomes next year may surpass the budget's projections

Govt to borrow Rs 14.13 trn from market in FY25 to meet revenue shortfall

Finance Minister Nirmala Sitharaman on Thursday proposed to borrow Rs 14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year starting on April 1. This is lower than last year's gross borrowing estimate of Rs 15.43 lakh crore, which was the highest ever. The lower borrowing estimate for 2024-25 is on account of growing tax revenue and the government's resolve to meet its fiscal consolidation roadmap. About net borrowing estimate, Sitharaman while presenting the interim Budget for 2024-25 said it would be Rs 11.75 lakh crore during the next financial year. As a result, the government would make repayment of Rs 2,37,818 crore during the year. "The gross and net market borrowings through dated securities during 2024-25 are estimated at Rs 14.13 and Rs 11.75 lakh crore respectively. Both will be less than that in 2023-24. Now that the private investments are happening at scale, the lower borrowings by the Central Government will facilitate lar

Interim Budget: FM sticks to fiscal consolidation path in Budget speech

Interim Budget: FM Sitharaman said that the fiscal deficit in 2023-24 is expected to be 5.8%, lower than the earlier estimates of 5.9%

Global affairs becoming more complex, challenging with wars: FM Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said the global situation is becoming more complex and challenging due to wars and conflicts in different parts of the world. The Russia-Ukraine conflict and the Israel-Hamas war have disrupted the global supply chains, impacting trade. The minister, while presenting the interim Budget, said that the new world order is emerging and India has successfully navigated the global challenges in fuel and fertiliser price spike. She also said that strengthening the financial sector in the country has helped make savings, credit and investments more efficient. All forms of infrastructure are being built in record time, she said. The government has also provided transparent, accountable, trust-based administration with a citizen-first approach.

At Rs 9.82 trillion, April-Dec fiscal deficit 55% of govt's annual target

The fiscal deficit was marginally lower at Rs 9.9 trillion, recorded during the corresponding period last year

Budget 2024 highlights: All eyes on last Budget before Lok Sabha elections

A resolution praising Prime Minister Narendra Modi for the consecration of Ram temple in Ayodhya will be introduced during the budget session of the Gujarat assembly beginning February 1

April-Dec fiscal deficit at Rs 9.82 trn, 55% of annual target: Govt

Total expenditure during the period was 30.54 trillion rupees, or about 68% of the annual goal, compared with 28.18 trillion rupees in the same period last year

Govt spending must pursue evidence-based policy for best outcomes

It's important to see the quality of spending and missing gaps in resource provision

Expect no drama in the Budget

But over the medium term, India's fiscal health needs attention

Budget Highlights: Space industry seeks PLI scheme, liberal FDI policy

LIVE updates: The central government focus is likely to be on controlling inflation and adjusting the fiscal deficit ahead of the Lok Sabha polls. Catch all the budget-related live updates here

Budget 2024 LIVE updates: Govt raises import duty on gold, silver jewellery

Union budget 2024: Govt will table the interim budget where focus will likely be on controlling fiscal deficit and supporting agri ahead of the elections. Catch all the budget-related live updates

Interim Budget to reduce fiscal deficit, focus on capex, suggests poll

The government is aiming to narrow the fiscal deficit to 4.50 per cent of GDP by the end of the 2025-26 fiscal year (FY) from 5.90 per cent in the current year to end-March 2024

Interim Budget 2024-25: Govt may target 5.3% fiscal deficit for FY25

Of the 10 research reports by forecasting agencies that Business Standard analysed, eight expect a fiscal deficit at 5.3 per cent of the GDP for FY25, while two agencies have pegged it at 5.4 per cent

Budget 2024 expectations: What stance will interim Budget 2024 adopt?

Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget

Fiscal deficit at 5.2-5.4% in interim Budget 2024-25: Goldman Sachs

While income taxes and corporate taxes are expected to grow at around 15 per cent in FY25, the government is likely to lower its target for disinvestment in the next fiscal year

Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs

Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs

Govt plans to raise capital spending as much as 20% in FY25: Report

The government is trying to raise capital spending on building infrastructure to as much as Rs 12 trillion ($144.59 billion) from the current year's plan of Rs 10 trillion

Interim Budget 2024-25 likely to set nominal GDP growth at 10-10.5%

Govt may finalise FY25 Interim Budget assumption this week