Page 53 - Fiscal Deficit

Shaky fiscal grounds

The government sought Parliament's approval for an extra Rs 20,948 crore for 2016-17 through the first supplementary demand for grants tabled in the Lok Sabha on Monday.Though the additional gross expenditure sought was Rs 1,03,013 crore, Rs 82,065 crore would be met by savings of the ministries, departments and by enhanced receipts and recoveries. If no additional revenues come during the year, the Centre's fiscal deficit will increase to 3.7 per cent of GDP from the budgeted 3.5 per cent.The fiscal deficit has already touched 61 per cent of the budgeted amount in the first three months of the financial year. Here is a look at the government's math:

Apr-Jun fiscal deficit at 61% of FY17 target

This indicates a greater frontloading of expenditure this time, plus below-par non-tax revenue receipts

India unlikely to slip on FY17 fiscal deficit target: DBS

If global oil prices rise sharply, fuel excise duties will have to be cut, it warned

Fiscal deficit at 61.1% of BE in Q1FY17

The April-June fiscal deficit was at Rs 3.26 lakh crore

Rising tax kitty to help Centre meet fiscal deficit target

Tax collections up 28% to Rs 3.24 lakh crore during April-June 2016

April-May fiscal deficit at 43% of BE

In April, first month of this financial year, it was 25.7% of the year's budgeted amount, compared to 23% in the same month of 2015

April-May fiscal deficit at 43% of Budget estimates

The fiscal deficit situation during April-May of the last fiscal was 37.5% of the Budget estimates

Maharashtra remains the richest state: RBI report

Tamil Nadu's finances most stressed, with gross fiscal deficit estimated at Rs 31,830 crore

FY16 fiscal deficit target met

For FY17, the deficit target is 3.5 per cent of GDP

At Rs 1.37 lakh crore, April fiscal deficit crosses 25% mark

Revenue collection was Rs 22,075 crore, or 1.6% of the estimate

Fiscal prudence

Principles that should underlie FRBM redesign

UP fiscal deficit on rising trajectory

It has more than doubled under 4-year rule of Akhilesh govt

FY18 fiscal deficit target may be set at 3-3.5% instead of 3%: BofA

Govt on May 17 formed a committee to examine the feasibility of a fiscal deficit range instead of a fixed target

Govt sets up FRBM committee on fiscal deficit range

The committee, formed to examine the need and feasibility of having a 'fiscal deficit range', will be headed by N K Singh

Fiscal concerns cloud likely uptick in Capex

By increasing states' share in the divisible tax pool to 42%, the 14th Finance Commission has ushered in a monumental change in the country's fiscal architecture. States now have the flexibility to prioritise their expenditure. Ishan Bakshi looks at the key fiscal trends seen in state budgets for 2016-17

FinMin to approach Cabinet for panel to fix deficit range

Finance Minister had in the 2016-17 Budget proposed to set up a committee to look into the possibility of fixing a range of fiscal deficit target

Fiscal deficit: Cabinet approves states' targets in line with 14th Finance Commission report

The report also suggested year-to-year flexibility for additional deficit of about 0.5%, plus or minus

Will meet revised FY16 fiscal targets: Govt

The ministry said tax revenues were on track and the 2015-16 revised targets were expected to be fully met

Fiscal deficit expected to be below 3.9%: Finance Ministry

As per fiscal consolidation roadmap, fiscal deficit for current fiscal has been pegged at 3.5% of GDP

Fiscal deficit at end-Feb exceeds revised estimate

March, final month of FY16, likely to make up as revenue swells