Page 41 - Fiscal Deficit

Govt set to breach fiscal deficit target, shows GDP advance estimates

If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent

Pre-Budget meet: Fundamentals are strong, economy will rebound, says PM

Economists ask Modi to restore data credibility, provide stimulus

Indian economy needs govt spending even if fiscal deficit widens: Official

The government should invoke the escape clause under the FRBM Act but stay within the prescribed 0.5 per cent wiggle room allowed in an extraordinary year under the guidelines, said the official

Public finances: Something doesn't add up

Revenues for 2019-20 projected in the July Budget simply cannot be realised

Fiscal deficit hits 115% of Budget estimate at Rs 8.07 trillion till Nov

The fiscal deficit or the gap between expenditure and revenue was at Rs 8,07,834 crore as on November 30, 2019

Fiscal deficit at 3%: A sensible target despite questions about its origin

The number wasn't imported from the Maastricht Treaty, but is a synthesis of the experiences of various countries within and outside the accord

Podcast: Nirmala Sitharaman's various moves to help revive the economy

Finance ministry is working out mechanism to release the money, stuck after it sanctioned the amount to other ministries & departments for various projects and schemes, to prop up the sagging economy

Fiscal deficit zooms to 61% of BE in Apr-Jun qtr

The government estimates fiscal deficit in 2016-17 to be Rs 5.33 lakh crore or 3.5% of GDP

A blueprint for fiscal management & development

The Delhi government has focused its spends on essential services

India Ratings estimates fiscal deficit of states to touch 3% of GDP

This fiscal slippage will originate from a decline in tax revenue, a lower nominal GDP and higher expenditure, it said

India's fiscal deficit rises to 115% of target in 8 months of FY20

The gap between the government's revenue and spending stood at Rs 8.07 trillion at the end of November - Rs 1 trillion (13 per cent) more than the full-year target.

A real Budget, please: This one has to confront severe resource restraints

In Budget 2020 speech, the FM should state how she intends to return to the 7% track, and the hard decisions she will take to adjust to the realities of a slowing economy, writes T N Ninan

Steeply falling revenue risks fiscal parameters, could be a challenge: RBI

What is more pertinent is the divestment revenue. Of the Rs 1.05 lakh crore budgeted for the year, only 17 per cent have been achieved so far

India should avoid fiscal stimulus and reduce public debt, IMF says

Government needs a credible consolidation path to rein in debt, including reducing subsidies and boosting the tax base, says IMF.

India must stick to fiscal consolidation in medium-term, says Gita Gopinath

India's consolidated deficit (the Centre and states combined) is the highest among G20 nations, she added. "So, it's not a free lunch and this has to be very carefully managed," she said

Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman

State FMs had met Sitharaman for a pre-Union Budget interaction

Fiscal deficit for April-November likely stood at 107% of FY20 target

For the deficit to be 3.3 per cent of GDP, it assumes a nominal GDP growth of 12 per cent in FY20

Economic slowdown: States seek relaxation in fiscal deficit target to 4%

They also suggested measures to strengthen cooperation between states and Centre to attain $5 trillion economy

Advance corporation tax mop-up drops over 5% in Dec quarter to Rs 73,000 cr

Net collection grows only 0.7% to Rs 6.75 trillion

Fiscal profligacy can lead to critical situation: Former RBI Guv Subbarao

Subbarao pointed out that the nominal GDP growth has fallen to as low as 6.1%