Page 23 - Fiscal Deficit

Govt cuts capital expenditure by 41% in Oct, Nov despite FM nudge

May impact growth in Q3 but capex by select states likely to come to some aid

India's current account slips into deficit again in September quarter

Wider merchandise trade deficits pulled India's Q2FY22 current account into the negative territory, official data showed on Friday.

Third Covid wave jitters: Core sector growth slows to 9-month low in Nov

Centre's fiscal deficit touches 46.2% of annual target till November-end

Centre's fiscal deficit touches 46.2% of annual target till Nov-end

The fiscal deficit had surged to 135.1% of the full-year target during the same period last fiscal year

RBI expresses doubts over govt meeting fiscal deficit targets

The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP

Govt has managed revenue deficit better than overall fiscal deficit in FY22

This was despite revenue expenditure accounting for 53.7 per cent of Budget Estimates, while capital expenditure was 45.7 per cent during the first seven months of the current financial year

Best of BS Opinion: Fiscal correction, India's FTA ambitions in perspective

Here is the best of BS Opinion pieces on Tuesday

Fiscal correction

Govt should not delay the consolidation process

Budget 2022-23: Centre may not target sharp fiscal correction

Budget-makers are confident that the net tax collection's Budget target (direct plus indirect) of Rs 15.45 trillion will be exceeded

Net direct tax collection jumps 60.8% to Rs 9.5 trillion in FY22 so far

Improvement in mop-up bodes well for achieving govt's fiscal deficit target at 6.8% of FY22 GDP

Saudi Arabia expects 2022 budget surplus after years of deficit

After an expected fiscal deficit of 2.7% of gross domestic product this year, Riyadh estimates it will achieve a surplus of 90 billion riyals ($23.99 billion), or 2.5% of GDP, next year

Statsguru: Six charts explain how states are improving their fiscal health

Further analysis by Business Standard showed that nearly half of all municipal corporations were facing financial stress in 2017-18

Best of BS Opinion: The succession question, growth spending & more

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

States improve fiscal position, but local bodies still suffer: RBI report

Covid worsened finances of local govts in 2020-21 and 2021-22; local authorities would lose 15-25% of their revenues in 2021, which may make maintenance of current level of service delivery difficult

Growth spending

Govt must push capital expenditure

India's fiscal deficit for April-October at 36.3% of FY22 target

The windfall gains from oil revenues have contributed to the government's tax collection

Top headlines: Q2 GDP grows at 8.4%; fiscal deficit at 36.3% of FY22 target

Business Standard brings you the top stories on Tuesday

India's April-October fiscal deficit at 36.3% of full year target

In absolute terms, the fiscal deficit was Rs 5,47,026 crore at the end of October

FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch

Revenue Secretary Tarun Bajaj has said the government's tax collection kitty will surpass budget estimates this financial year on the back of good direct and indirect tax mop-up.

Economists urge gradual consolidation, see fiscal deficit near 6% in FY23

They believe focus on reviving informal sector activity, particularly construction, is key to reviving GDP and jobs