Page 22 - Fiscal Deficit

Fiscal deficit will come down once revenues start to grow: Tarun Bajaj

Union Revenue Secretary Tarun Bajaj on Friday said that the country's fiscal deficit will come down once revenues start to grow. Speaking at a webinar organised by the Bengal Chamber of Commerce and Industry (BCCI), Bajaj said that the government had adopted a loose fiscal policy on the backdrop of increased capital expenditure. "The fiscal deficit at present is 6.9 per cent of the GDP. The target for 2025-26 is to bring down to 4.5 per cent. If we continue to grow our revenues, the fiscal deficit can come down by 0.1 or 0.2 per cent", he said. Next year, the targeted fiscal deficit is 6.4 per cent, Bajaj said, adding that the government had the opportunity to lower it further. "But increased capital expenditure by almost 35 per cent had forced us to keep the fiscal level at that level", he added. The Revenue secretary said since last year, the Centre had started giving money to the states for making capital expenditure. Unless this is done, the last mile infrastructure will not

Once low-profile NSSF now a key player in Centre's finances for past 7 yrs

While govt's market borrowings have doubled from FY16 to FY22, NSSF loans to finance fiscal deficit have grown 11x

Little fiscal headroom for govt to respond to future shocks: Fitch

Rating agency says it revised Outlook on India's rating to Negative from Stable in June 2020, partly due to its assumptions about pandemic impact on public finance metrics

Conservative receipts lead to higher-than-expected fiscal deficit: MOFSL

Conservative receipts' estimates have led to higher-than-expected fiscal deficit target in the Union Budget FY23, said Motilal Oswal Financial Services

Ready Reckoner: FM Sitharaman's fourth Budget places emphasis on growth

Indirect taxes shall rise 5.5 per cent, on the back of a 15.6 per cent increase in spending in FY23

The risks of minimalism

One should not rule out Ms Sitharaman doing better than what she has projected for next year's total revenue numbers

Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%

The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022

Economic Survey: India on track to meet FY22 fiscal deficit target

India will comfortably meet its fiscal deficit FY22 target on the back of a strong rebound in revenues, said the Economic Survey 2021-22

Budget 2022 likely to boost spending with near-record debt, hold tax rates

Finance Minister will probably increase the budget by about 14% year-on-year to Rs 39.6 trillion in the fiscal year beginning April.

LIVE: Delhi govt fixes maximum price for RT-PCR tests in pvt labs at Rs 300

Rapid antigen test to detect Covid to be done at Rs 100, says govt

What is Fiscal Deficit?

Equity markets will have a reason to cheer if the government reins in its fiscal deficit target at 6.25% of gross domestic product, a recent survey claimed. Find out how the government manages it

TMS Ep90: Two-wheelers, informal sector, markets, Fiscal Deficit

What has derailed India's two-wheeler growth story? What does the informal sector want from Budget? What will drive index heavyweight RIL's Q3 earnings? What is Fiscal Deficit? All answers here

Eye on fiscal deficit: Govt tells ministries to keep expenses in check

Departments to seek additional funds only for unavoidable expenditure

Budget 2022-23: BJP representatives seek revival of worst-hit sectors

They put forward their views for the development of their respective regions

Indonesia expects 2022 fiscal deficit to shrink to 4.3% of GDP: Report

A smaller fiscal deficit means the government could reduce its bond issuance target for 2022

Japan to keep FY2025 target for balancing budget in review: Report

The government would bring forward by one year a medium-term forecast of achieving a surplus, to fiscal 2026.

General govt fiscal deficit estimated at 10.4% in FY2022: Report

Rating agency ICRA said it expects a miss in disinvestment target to cause the government's fiscal deficit to print at Rs 16.6 trn or 7.1% of the GDP in FY2022, overshooting the budgeted target.

Top headlines: Quarantine for flyers from abroad, CCI probe against Google

India climb up the ladder of emerging tech patents, shows data. More in today's top headlines

Govt may rein in fiscal deficit at 6.8% of GDP: First advance estimates

The government was given this lever after the first Advance Estimates pegged GDP at current prices at Rs 232.15 trillion

India likely to trim fiscal deficit target as Omicron cases rise: Report

FM Sitharaman is due to unveil the FY23 budget on Feb. 1 and officials said the thinking was that sharp cuts in government expenditure could hurt growth prospects