Page 7 - Fiscal Deficit

Well-focused Budget 2024 with special development thrust: Madan Sabnavis

Union Budget 2024-25 news: There has been some comfort provided to individuals who opt for the new income tax scheme as there is some rationalisation across the slabs

Budget 2024: FM Sitharaman reduces fiscal deficit for FY25 to 4.9% of GDP

This is 20 basis points lower than 5.1 per cent announced in the interim budget

Tax cuts to welfare support: Here's what to expect from Modi 3.0 1st Budget

Government is expected to reduce its deficit target slightly from the 5.1 per cent of gross domestic product projected before the elections

Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024

Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget

Negative surprise on fiscal deficit unlikely in Budget: Nippon India MF CIO

The current government, right from 2014, has shown an inclination to maintain fiscal discipline, he says

Fiscal headroom should be used to spend on social sector, says Ficci

The economists said the fiscal deficit target for 2024-25 could be slightly lowered, from the 5.1 per cent estimate laid out in the Interim Budget earlier this year

Fiscal policy reset needed, especially after a difficult Covid phase

Government intervention during the pandemic seemed conscious of the fact that India's fiscal position was not very strong at the beginning of the crisis

Govt may scale down fiscal deficit target to 5% or less in Budget: ICRA

The government is likely to lower fiscal deficit to 4.9-5 per cent of the GDP for this financial year in the upcoming Budget aided by revenue buoyancy. The government had pegged the fiscal deficit estimate at 5.1 per cent for the current fiscal year when it presented the interim Budget in February. "The union government is likely to set a fiscal deficit target at 4.9-5 per cent, lower than projected 5.1 per cent of GDP, without compromising the capital expenditure target of Rs 11.1 lakh crore," ICRA Chief Economist Aditi Nayar told PTI. Finance Minister Nirmala Sitharaman is set to present the full Budget on July 23. This will be her seventh Budget in a row. This budget aims to set the foundation for India's journey towards becoming a developed nation (Viksit Bharat) by 2047. The government achieved a fiscal deficit of 5.6 per cent of the GDP during the previous financial year. "There is also a high likelihood of reducing the net market borrowings for the current financial year by

Full Budgets tend to realign fiscal deficits set in interim Budgets

Analysis of fiscal trends since 1991 reveals that full Budgets typically reduce fiscal and revenue deficits set in interim budgets, with notable exceptions during economic crises and major reforms

Budget Watch: FinMin confident of sticking to fiscal deficit of 5.1% of GDP

However, this path may not be as easy for the government to tread

India's rating upgrade likely in 2 years if fiscal deficit falls to 4%: S&P

The central government estimates to bring down fiscal deficit to 5.1 per cent of the GDP in the current fiscal, from 5.63 per cent in 2023-24

Centre may hike transfers to farmers under PM Kisan, MGNREGA: Elara Capital

It added that the Centre is likely to retain the fiscal deficit target of 5.1 per cent for 2024-25 with a possibility of a downward revision of 10 basis points

Bumper RBI bonus trims April-May fiscal deficit to 3% of FY25 target

Fiscal deficit at Rs 50,615 crore in April-May FY25, according to CGA data

RBI bonus trims April-May fiscal deficit to 3% of entire FY25 target

The fiscal deficit in the corresponding period last year was 11.8 per cent of the budget estimates at Rs 2.1 trillion

China's fiscal revenue drops 2.8% in January-May as weak demand drags

Fiscal expenditure rose 3.4 per cent in the first five months, versus a 3.5 per cent gain in the first four months

What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?

Finance Minister Nirmala Sitharaman is expected to maintain fiscal deficit target at 5.1% for FY25

What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?

Finance Minister Nirmala Sitharaman is expected to maintain fiscal deficit target at 5.1% for FY25

Budget 2024: MSME ministry gets 'positive' feedback on 45-day payment rule

Any change in Finance Bill prerogative of finance ministry, says official

Modi govt plans to stick to deficit target despite Lok Sabha poll setback

Rating agencies and analysts have said the government may step up welfare spending as well as support for states represented by partners in the National Democratic Alliance

Bond investors worried as weak Modi victory fans fiscal populism fears

Fiscal discipline has been a hallmark of Modi's decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit