Page 54 - Fiscal Deficit

State govts likely to run wider fiscal deficit in FY17: HSBC

According to the financial services firm, the state deficit could rise to 2.9% of GDP in FY17

Govt sticking to fiscal deficit target a big relief: Economists

While welcoming the government's proposal of reviewing the medium-term fiscal framework, Rathin Roy, director, NIPFP said that it was a relief that the finance minister has chosen to stick to the fiscal deficit targetsThe assurance that the central government would stick to the fiscal deficit target of 3.5 per cent of gross domestic product in 2016-17 is a big relief, said economists at a post-Budget conference organised by five leading think-tanks in Delhi.But, concerns were raised about the manner the target is to be achieved. Particularly worrying is the government's over-reliance on non-tax revenues - it hopes to mop up roughly Rs 1.6 lakh crore through disinvestment and spectrum auctions. Concerns were also raised about the lack of a clear framework for the social sector.The post-Budget conference was organised by the Centre for Policy Research (CPR), International Council of Research on International Economic Relations (ICRIER), India Development Foundation (IDF), National Counci

How the govt plans to meet the fiscal deficit target

The finance ministry plans to retire about Rs 30,000 crore of government debt ahead of schedule to take advantage of the current market conditions

Changing fiscal architecture at state level

Increase in untied funds creates space for adjusting expenditure allocations

Phased pension hike likely to meet fiscal deficit target

Officials grappling with a combination of measures to provide spending buffer