Page 31 - Fiscal Deficit

A steep fiscal correction

With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction

FM's 'Mool Mantra': Can't dodge fiscal deficit, has to be carefully tackled

Sitharaman asserts while govt can give stimulus, long-term infra financing is job of DFIs. Private players in this space will make funding competitive

Govt taking steps to carefully monitor fiscal deficit: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the government is taking steps to carefully monitor the fiscal deficit, which is estimated at 9.5 per cent of the GDP for the current financial year. The 'mool mantra' now is that fiscal deficit is something that one cannot escape, but at the same time, it needs to be carefully tackled, she said in her post-Budget address to members of PHD Chamber of Commerce. India has exceeded its fiscal deficit target of 3.5 per cent in the current fiscal by a wide margin, due to higher spending to stimulate the economy amid the COVID-19 pandemic. The fiscal deficit -- the excess of government expenditure over its revenues -- has been pegged at 9.5 per cent of the gross domestic product (GDP) in the current fiscal ending March 31, as per the revised estimate. For the next fiscal, the deficit has been pegged at 6.8 per cent of GDP, which will be further lowered to 4.5 per cent by fiscal 2025-26. Emphasising that the government has made the Union

Higher deficit shouldn't put pressure on India's sovereign rating: DEA Secy

India's sovereign rating should not come under pressure due to surge in fiscal deficit which was mainly on account of higher expenditure to deal with the C-19 pandemic, said Economic Affairs Secretary

Confident of reducing fiscal deficit to 4.5% of GDP by FY26: Exp secy

The government is confident of lowering the fiscal deficit to 4.5% of GDP by 2025-26 fiscal, considering a nominal GDP growth of 10 per cent every year, Expenditure Secretary T V Somanathan said

Handle debt with care

Overall fiscal position can increase risks

Slower consolidation to constrain fiscal strength over medium term: Moody's

Rating agency Moody's on Wednesday India's fiscal deficit projections are higher than expected

Morgan Stanley ups Sensex target to 55,000; bullish on cyclicals, midcaps

We believe the overall approach of the fiscal policy is in line with the message from the Economic Survey, said Morgan Stanley in a post Budget note

Fiscal deficit may invite rating agencies' ire, Fitch may downgrade: Report

Global rating agencies may view the fiscally expansive budget proposals negatively, a brokerage said

With off-budget borrowings, FY22 fiscal deficit rises to 6.9%: Report

The fiscal deficit target will go up by 10 basis points to 6.9 per cent of the GDP if the extra-budgetary borrowings of Rs 30,000 crore is added, according to a report

India's fiscal targets higher; consolidation slower than expected: Fitch

The wider deficits and more gradual pace of consolidation will lift India's government debt

Wider fiscal deficit, consolidation could pressure India's ratings: Fitch

Fitch had placed India's "BBB-" rating on a negative outlook in June 2020 due to the pandemic's impact on growth prospects and the challenges of the high debt burden

Proper monetisation of assets can wipe off Budget deficits

Refreshingly, both in healthcare and infrastructure, the FM has talked about a plan that stretches well beyond a year. Along with education, these form the foundation for an inclusive society

Budget: Govt pegs FY21 fiscal deficit at 9.5%; sets target at 6.8% for FY22

In FY21, the gap between revenue and expenditure reached Rs 18.48 trillion in the revised estimate. For FY22, the gap is expected to be Rs 15 trillion

It's getting better over time: FM cuts Budget speech short this year

There has been less fudging with the revised estimates (RE) of 2020-21.

Bad bank, no Covid cess: Why Sensex zoomed 2,300 pts post Budget proposals

The optimism despite higher borrowing and a wider fiscal deficit, analysts say, was on account of the positive measures to revive the Covid-19 hit economy

Capital outlay should support a higher pace of GDP expansion in FY22

The fiscal deficit of the government of India has increased sharply to 9.5 per cent of GDP in the Revised Estimates for FY21, relative to the budgeted target of 3.5 per cent

Budget is a bold gambit with focus on growth without any increase in taxes

With the economy likely to grow at a nominal growth of between 15-16 per cent, the tax revenue increase of 16.7 per cent appears fairly achievable

Budget 2021 can be a turning point in India's socialist orientation

The government focuses on developing infrastructure, dares to gamble on deficit.

Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601

All that happened in the markets today