Page 24 - Fiscal Deficit

Andhra Pradesh revenue deficit soars 662% in first half of 2021-22

Andhra Pradesh's revenue deficit soared by an unprecedented 662.80 per cent while the fiscal deficit was up 107.79 per cent in the first half of the 2021-'22 financial year

India to use revenue surge to fund welfare programmes, says report

Govt will not utilise a big bump in revenue collection to beat its fiscal deficit target or lower borrowing, say govt sources

How inflation could rescue the govt's fiscal deficit act in FY22

Despite the spike, it may not push up govt's borrowing cost much due to various factors such as sale of BPCL and LIC, and lower expenditure levels this fiscal

Centre's fiscal deficit at 35% of budget estimates vs 115% a year ago

To be lower than budgeted 6.8%, say economists even when total expenditure is expected to exceed BE

Centre's fiscal deficit touches 35% of annual target at H1-end

For the current financial year, the government expects the deficit at 6.8 per cent of GDP or Rs 15,06,812 crore

India's April-Sept fiscal deficit touches $70.4 billion: Govt data

Net tax receipts were 9.2 trillion rupees while total expenditure was 16.3 trillion rupees, the data showed

Top Headlines: Deficit pegged at 6.8%; LIC listing reads Zomato IPO menu

Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot budget estimate. More on that story in top headlines.

Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22

Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot BE

India committed to bring economy on path of fiscal consolidation: FM

The Indian government remains committed to bring the economy on the path of fiscal consolidation in the near-to-medium term, setting the target to reduce fiscal deficit to 4.5 per cent by 2025-26

Does India have a case for the upgrade it seeks from rating agencies?

The economy is yet to reach pre-pandemic level on many fronts, fiscal deficit and debt-to-GDP ratio remain pain points; however, key reforms could work in the country's favour

Govt's fiscal deficit at 31.1% of Budget Estimate till Aug, an 18-year low

This was despite a YoY spike in expenditure that month, after falling in the previous month

At Rs 4.68 trn, India's Apr-Aug fiscal deficit at 31.1% of FY22 target

Net tax receipts were 6.45 trillion rupees while total expenditure was 12.77 trillion rupees

Fiscal gains

Higher tax revenue will give more flexibility in pushing expenditure

Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target

Non-tax revenues such as dividends from RBI and public sector banks yielded Rs 1.39 trillion

India's April-July fiscal deficit reaches 21.3% of FY22 budget target

Net tax receipts were Rs 5.21 trillion while total expenditure was Rs 10.04 trillion

How the ounce-of-gold promise US broke is playing out 50 years on

The 1980s then saw the growth of what is called financialisation where firms make money by trading in money rather than goods and services

Tamil Nadu budget: Fiscal deficit seen at 4.3% of GSDP; tax on petrol cut

State allocates Rs 32,560 cr for education; lines up medium term fiscal plan to tide over rising debt

20 states carrying forward Rs 2.6 trn of debt-money into FY22: Report

Most states are likely to be in better fiscal health this financial year as 20 of them are collectively carrying forward Rs 2.6 lakh crore borrowed in FY21 to this fiscal, says a report. This also explains why the states have been borrowing less so far this year despite the pandemic-driven revenue crunch and the soaring public expenses towards health and food, as per the Icra Ratings report released on Friday. Given the pandemic and the resultant financial crunch, the Centre allowed states to borrow up to 5 per cent of their gross state domestic product (GSDP) -- resulting in an aggregate borrowing of Rs 8.5 lakh crore -- in FY21 as they faced massive drop in revenues and higher expenses towards supporting the people hit by the lockdowns. As of August 10, when the state debt was auctioned last, the borrowings by the states so far in FY22 has been 11 per cent less year-on-year and 15 per cent lower than the amounts shown in the indicative auction calendar. A total of 23 states and .

IMF says Covid-19 spending pushes current account imbalances higher

The IMF's annual External Sector Report showed that the combined current account deficits and surpluses widened to 3.2% of global economic output in 2020 from 2.8% in 2019

Securing India's fiscal health

Govt should prepare for medium-term challenges