Page 14 - Fiscal Deficit

RBI cautions states with over 4% fiscal deficit, urges tax reforms

Says returning to OPS would put substantial burden on finances

Govt limits additional spending to Rs 58,378 crore, eyes fiscal prudence

The government has set a fiscal deficit target of 5.9 per cent of GDP for FY24

Nine states, 2 UTs see rising fiscal deficits post-pandemic: PHDCCI report

"States are classified as resilient if their fiscal deficit as a percentage of GSDP has decreased from the pre-pandemic to the post-pandemic period," the report says

India's fiscal deficit between Apr-Oct 45% of FY24 target of Rs 17.87 trn

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

Israeli 'Government CFO' managing $48 billion fiscal shock of Gaza war

The war, which the Finance Ministry estimates is costing the economy around $270 million every day, will come with a fiscal price tag estimated at 180 billion shekels ($48 billion) in 2023-2024

India's gross tax receipts remain robust; fiscal deficit at Rs 7.02 trn

Upward trend mainly due to spike in corporation tax mop-up

Govt's fiscal deficit rises to 39.3% of annual target in H1 of FY24

The fiscal deficit was 6.4 per cent of the GDP in 2022-23 against the earlier estimate of 6.71 per cent

Fiscal balance

Geopolitical tensions have increased risks

India likely to meet 5.9% fiscal deficit target in FY24, says IMF

Earlier, this month, India hiked the cooking gas subsidy for low income households to 300 rupees per cylinder from 200 rupees announced in August

India's debt to GDP ratio to peak at 82.3% in FY25, fall in FY29, says IMF

The IMF's present estimates mark a notable deviation from its April projections

TMS Ep538: Fiscal balance, Ceat's Arnab Banerjee, glacial lake outburst

Will polls pose a danger to India's fiscal balance? What is Arnab Banerjee's view on Ceat's quality management? How will Israel-Hamas war impact markets? What is glacial lake outburst? Answers here

Beyond the bond market's message

Unlike in the past, when India and other developing markets caught a cold when the US sneezed, the situation is somewhat different now

No major problem with central govt finances: RBI governor Shaktikanta Das

Governor Shaktikanta Das on Friday said the RBI does not see "any major problem" or any other worries with the central government finances. The government has promised to stick to the fiscal deficit targets laid down in the budget as part of the consolidation roadmap, Das told reporters at the RBI headquarters at the customary post-policy press conference. Replying to a specific question on the state of government finances, Das said, "So far as central government finances are concerned, I do not see any major problem or anything that you know that worries the central bank". He said the government is, by and large, sticking to the fiscal consolidation roadmap after the end of the pandemic, which had seen some expansion because of the high spending. Even during the pandemic, the government's spending was "calibrated and targeted", Das noted. "After the pandemic, the government has announced a fiscal consolidation roadmap. And by and large, they're sticking to that," he said. The ..

India's fiscal deficit rises to Rs 6.42 trillion, 36% of FY24 target

In the same period in FY23, the deficit was 32.6 per cent of the full-year target

Top headlines: India's economy 16.5 yrs behind China, Inflation a key issue

Business Standard brings you the top headlines at this hour

Confident of meeting fiscal deficit, nominal GDP targets: DEA secy

Govt keeping a close watch on some sectors for supply side measures to tame inflation

India's gross tax revenue up 2.8% at Rs 8.9 trillion so far in FY24

India's fiscal deficit widens to 33.9% of FY24 BE; net tax revenue contracts nearly 13%

Fiscal deficit touches 33.9% of full-year target at end-July: CGA data

The Centre's fiscal deficit in the first four months of 2023-24 touched 33.9 per cent of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit -- the gap between expenditure and revenue -- was Rs 6.06 lakh crore as of end-July, according to the data released by the Controller General of Accounts (CGA). The deficit stood at 20.5 per cent of the Budget Estimates (BE) in the corresponding period of the financial year 2022-23. In the Union Budget, the government projected to bring down the fiscal deficit to 5.9 per cent of the gross domestic product (GDP) in the current 2023-24 financial year. The deficit was 6.4 per cent of the GDP in 2022-23 against the earlier estimate of 6.71 per cent. Unveiling the revenue-expenditure data of the Union government for the April-July period of 2023-24, CGA said the net tax revenue was Rs 5.83 lakh crore or 25 per cent of the BE for the current fiscal. The net tax revenue collection was 34.4 per cent at end-Jul

India's fiscal deficit for Q1 reaches 25.3% of annual target: Govt data

Fiscal deficit - the difference between government's expenditure and revenue, stood at 6.4 per cent of the GDP in 2022-23

Fiscal deficit for April-June at 25.3% of annual target: Govt data

Total expenditure during the period was Rs 10.51 trillion,or 23.3% of the annual goal, lower than the Rs 9.48 trillion in the same period last year