Page 19 - Fiscal Deficit

April-Sept fiscal deficit at 37% of FY23 target, net tax receipts Rs 10 trn

Net tax receipts rose to Rs 10.12 trillion while total expenditure was Rs 18.24 trillion, the data showed

India macro indicators may return to FY20 levels by FY27, says IMF

Although China's debt to GDP ratio is projected to remain at 76.9 in 2022, it is projected to overtake India's ratio in 2024 at 89.8 and continue to increase further to 102.8 in 2027

Germany cuts fiscal deficit in overall budget as Covid measures expire

Germany cut its fiscal deficit in the overall public budget to 32.9 billion euros in the first half of this year, the Federal Statistical Office (Destatis) said

Taxes to come to govt's aid, achieve 6.4% fiscal deficit goal for FY23

Centre has already collected half the targeted revenue in the first six months of the current financial year even as customs and excise duty collection figures are yet to come in

World Bank slashes India's economic growth forecast to 6.5% for FY23

Cites Ukraine war, global policy tightening

Finance ministry confident of keeping FY23 fiscal deficit in check

Robust tax mop-up, savings through SNA dashboard bode well for balance sheet, say officials

India's April-August fiscal deficit recorded at 32.6% of FY23 target

Sabnavis said the progress till August shows that the government's accounts are on course compared with last year

Fiscal deficit touches 32.6% of annual target till August this fiscal

As per the data released by the Controller General of Accounts (CGA), the government's total receipts, including taxes, stood at Rs 8.48 trn or 37.2 per cent of the Budget Estimates (BE)

S&P affirms Kerala's 'BB-/B' rating, gives outlook stable to state

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

Depreciating rupee not likely to cause fiscal slippage, say experts

Petroleum, fertiliser imports to become expensive, subsidy bill set to rise

Strong dollar vs foreign inflows: Rupee in fine balance ahead of Fed meet

Analysts expect rupee to trade in the range of 78-80 per dollar, for now

Best of BS Opinion: Policy balance, slowdown in global demand, and more

Here is the best of Business Standard's opinion pieces for Thursday

Policy balance

Higher trade and fiscal deficits can create risks

Domestic airline industry may report up to Rs 17k-cr loss in FY23: Report

Domestic airlines industry is expected to report a net loss of around Rs 15,000-17,000 crore this fiscal on account of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee, a report said on Wednesday. The losses for the industry in the previous fiscal were estimated at around Rs 23,000 crore, credit ratings agency Icra said in its report. However, the debt levels for the industry are expected to be at around Rs 1 lakh crore (including lease liabilities) as on March 31, 2023, as per the ratings agency. Any positive or negative movement in rupee against the US dollar and any increase or decrease in the jet fuel prices have a major bearing on the cost structure of airlines as in India, ATF accounts for around 45 per cent of the operational cost of an airline while as much as 35-50 per cent of the airlines' operating expenses are US dollar driven. Two listed airlines -- IndiGo and SpiceJet -- have reported losses to the tune of Rs 1,064 crore and Rs 789 crore, respectively, i

Centre's fiscal deficit at 5.2% of GDP in Q1; experts say it may widen

Expect capex to pick up in the second half of the year and inch closer to 6.4% Budget estimate for full year

India's April-July fiscal deficit recorded at 20.5% of FY23 target

The centre spent Rs 1.1 trillion or 35% of the full year's estimate for food, fertiliser and petroleum subsidies

Top headlines: Q1 GDP grows 13.5%; fiscal deficit at 20.5% of FY23 target

India's economy achieved its fastest annual expansion in a year in the April-June quarter, according to NSO data

India's April-July fiscal deficit at Rs 3.41 trn, 20.5% of FY23 target

Net tax receipts stood at Rs 6.66 trn while total expenditure was Rs 11.26 trn, shows govt data

Lanka aims to lower fiscal deficit to 6.8% in budget 2023: Senior minister

Sri Lanka's 2023 budget would aim to reduce the fiscal deficit to 6.8 per cent in 2023 from the projected 9.9 per cent in 2022, a senior Cabinet Minister said on Tuesday, ahead of the visit by the IMF delegation for a bailout package to the crisis-hit island nation. Sri Lanka is in the midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials, leading to long serpentine queues in front of filling stations. The island nation of 22 million also witnessed a significant political churn following massive mass protests that forced former president Gotabaya Rajapaksa to flee the country and resign from his post. "Sri Lanka is planning to cut the budget deficit to 6.8 per cent of gross domestic product in 2023 from an expected 9.9 per cent in 2022," Bandula Gunawardena, the Cabinet spokesman and Minister of Information said on Tuesday. The Cabinet of ministers has approved a fiscal framework for 2023-2025. Sri Lanka is facing the worst fiscal .

India's FY23 fiscal deficit may come around 6.5%, says SBI Ecowrap

The report has also revised current account deficit estimates from 3.2% of GDP to 3.7% of GDP in the current financial year