Page 27 - Fiscal Deficit

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

Tax buoyancy curtails Centre's fiscal deficit to an eight-year low

Centre's spending showed volatile trend during April-June period

April-June fiscal deficit at Rs 2.74 trn, 18.2% of FY22 Budget Estimates

Net tax receipts in the first three months to end-June rose to Rs 4.12 trn, from Rs 1.35 trn during the same period in the previous fiscal year

Time to be brave, stretch fiscal deficit targets to aid growth: Kamath

Veteran banker K V Kamath on Friday said it is "time to be brave" for the government, and it should stretch the fiscal deficit target set in the budget if need be, to push growth.

RBI governor warns of downsides to direct financing of govt fiscal deficit

Direct financing or monetisation of the government's fiscal deficit by the central bank has several downsides, Reserve Bank of India Governor Shaktikanta Das said

Fiscal deficit worries could be on backburner: Niti Aayog's Rajiv Kumar

'If you have to spend money because you have to save both lives and livelihoods then that's what you have to do,' he says.

RBI should not print money to finance fiscal deficit: Pinaki Chakraborty

High inflation is certainly a concern and there is a need to stabilise inflation to a level which is manageable, he says

Government spending grew 2% YoY in FY21: Motilal Oswal Financial Services

Terming FY21 as an 'exceptional year' Motilal Oswal Financial Services (MOFSL) in a report say government spending grew 2 per cent last fiscal.

Fiscal deficit at 8.2% in April-May as tax collection rises, lockdowns ease

Deficit was less 30 per cent less of last-year's level amid the nationwide lockdown to contain the coronavirus.

New pandemic package to raise fiscal deficit by 60 bps, says report

The package can offer an additional liquidity window of Rs 70,000 crore to banks: report

Centre should abandon fiscal targets in the time of crisis: CPI (M)

The CPI(M) on Monday said the government can raise money to pay compensation to the families of Covid-19 victims

Rising inflation risk

Ignoring it for long could increase longer-term costs