Page 34 - Fiscal Deficit

Fiscal deficit touches 120% of full-year target as revenues plummet

Experts estimate full year's fiscal deficit between 7 per cent and 9 per cent of GDP against 3.5 per cent estimated earlier by the government

India's fiscal deficit stands at 120% of annual target at October-end

The deficit widened mainly on account of poor revenue realisation.

Higher budget deficit looms as govt cuts spending on growth drivers

Spending on capital assets has so far trailed the so-called revenue expenditure that includes interest payments and overheads such as salaries

Why states should find newer resources rather than cut back on spending

For states staying within the fiscal deficit targets is important, but not by cutting back on expenditure

Combined fiscal deficit to cross 13%; govt debt to jump over 80%: Report

The Covid-induced growth contraction and additional spending to support the needy amounting to a little over 2% of the economy are likely to push the combined fiscal deficit to 13% of GDP this fiscal

A new global debt crisis

China's role as lender has complicated relief efforts

Revenue stress: Fiscal deficit in first half soars to 115% of target

Gap between revenue, expenditure at Rs 9.13 trn, against Rs 7.9 trn estimated in Budget for full year

Best of BS Opinion: Interest-waiver issue, Covid-19 crisis, and more

Here's a selection of Business Standard opinion pieces for the day

The 10-year UPA/NDA government scorecard

I am not saying that focusing on the GDP growth rate and the fiscal deficit is a bad thing. Not at all. Both are important. But obsessing over them is stupid

Best of BS Opinion: China gaining traction, corporate frauds, and more

Here's a selection of Business Standard opinion pieces for the day

Barking up the wrong tree

Strengthening the revenue forecasting system will yield better results than fixing deficit targets within a range

Centre to borrow Rs 1.1 trn to meet states' shortfall in GST compensation

The amount so borrowed will be passed on to the States as a back-to-back loan in lieu of GST Compensation Cess releases

IMF's debt recast programme should help nations overcome fiscal stress: FM

The initiative came into effect in April was initially agreed till end of 2020

Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report

The new schemes which will put an additional burden of Rs 40,000 crore on the government form 0.21 per cent of the GDP

Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan

The combined fiscal deficit of states and centre during the current year may go up to 14 per cent against the mandated level of six per cent, former Reserve Bank Governor C Rangarajan said

Best of BS Opinion: A fiscal road map, conserving groundwater, and more

Here's a selection of Business Standard opinion pieces for the day

A fiscal road map

Govt must decide fast on the timing and amount of stimulus

Fiscal deficit of 18 states at 40.7% in Q1, revenue deficit at 285%: Ind-Ra

Steeply falling revenues and central grants amidst rising expenditure to fight Covid-19 led to 18 of the largest states reporting a collective revenue deficit of 285% of Budget Estimates in April-June

In April-August, India's fiscal deficit at 109% of full-year target

Fiscal deficit or the gap between the expenditure and revenue had breached the annual target in July.

At Rs 40,072 cr, govt's external financing jumps 5 times till Aug: Report

In absolute terms, fiscal deficit -- which is the gap between expenditure and revenue -- stood at Rs 8,70,347 crore