Page 9 - Fiscal Deficit

Pre-poll welfare schemes may not hit Maharashtra govt's fiscal health: ICRA

Borrowings remains within prudent norms

States cut spending by 6%: Is public capex at risk of major slowdown?

Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year

Fiscal deficit in April-August at 27% of full-year target: Govt data

The fiscal deficit-the gap between expenditure and revenue-was 36 per cent of the budget estimates for the corresponding period last year

India's fiscal deficit for Apr-Aug at Rs 4.35 trn, 27% of full-year target

Net tax receipts for the period were 8.74 trillion rupees, or 34% of the annual target, compared with 8.04 trillion rupees for the same period last year, according to the data

Centre's H2 borrowing likely to stay in line with budgeted amount

May borrow around Rs 6.3 trillion during the period

RBI to infuse Rs 25K cr via VRR as liquidity turns deficit after two months

Market participants said the banking regulator may conduct more VRR auctions to infuse liquidity if the weighted average overnight money market rates do not align with the repo rate

UPS: Understanding the fiscal implications of govt's new pension scheme

The UPS is seen to be different from OPS since it is funded every year and the burden does not fall on future governments.

Fiscal deficit to jobs: Economic issues new J&K govt has to tackle

The region is expected to clock a growth of 7% in FY25 but it's dependent on Central government grants

Best of BS Opinion: Effects of overcapacity, Crucial choices and more

Here is the best of Business Standard's opinion pieces for today

Fiscal prudence through disclosure: A key Budget move that went unnoticed

Statement 27-A, a voluntary disclosure of state-owned entities' borrowings, introduced in the Budget for 2024-25, enhances fiscal transparency and signals prudent fiscal management

India's fiscal deficit in Apr-Jul at 17.2% of full-year target: CGA data

The deficit stood at 33.9 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24

BS@50: How money has moved between Centre and states in the past 5 decades

Annual government spending has shot up. Fiscal deficit concerns remain. Between the Centre and states, sometimes one has scored over the other. An overview of government finances since 1975

UPS: Central staffers may get to keep higher returns from riskier bets

Employees could choose the investment plan of their choice based on their contribution and 10% contribution by the government

Fiscal deficit to increase by 15 bps to 5.1% in FY25 due to UPS: Macquarie

Under the unified system, employee contributions will remain unaltered at 10% of basic pay plus dearness allowance

UK borrows more than expected in July, underlining challenge for FM Reeves

The figures did not include recent pay deals struck between the new Labour government, elected last month in a landslide victory, and public sector workers including junior doctors

After FY26, fiscal deficit target will be a range: Finance Secy Somanathan

Path towards a reduction in the debt-GDP ratio will be announced later

April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target

Total government expenditure during the period was Rs 9.7 trillion, or about 20.4 per cent of the annual goal, lower than the Rs 10.51 trillion in the same period last year

Government estimates its total debt to increase to Rs 185 trn in FY25

The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year. The total debt stood at Rs 171.78 lakh crore, or 58.2 per cent of the gross domestic product (GDP), at the end of March 2024, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. As per the International Monetary Fund, World Economic Outlook, April 2024, India's Gross Domestic Product at current prices has already reached USD 3.57 trillion in 2023-24, he said. Replying to another question, Chaudhary said the growth rate of the private final consumption expenditure (PFCE) at constant prices in 2022-23 and 2023-24 is 6.8 per cent and 4 per cent, respectively, he said, quoting provisional GDP estimates for 2023-24 released by the National Statistical Office. The growth rate of PFCE at current prices in 2022-2

Meity receives lion's share of PLI scheme and semiconductor outlay

The good news is that the automotive sector, which provides incentives for electric vehicles and components, is finally taking off

FY25 Budget confirms govt's commitment to reduce fiscal deficit: Fitch

Fitch Ratings on Friday said India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit for FY25 and FY26, despite demands of the coalition government. In the FY25 budget, the government has lowered the Centre's fiscal deficit target for the year ending March 2025 to 4.9 per cent of GDP, from 5.1 per cent in February's interim budget. The government's fiscal deficit target for FY25 is significantly below the 5.4 per cent that the ratings agency anticipated when it affirmed India's 'BBB-' rating, with a stable outlook, in January 2024. "India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit this and next year, despite the demands of the coalition government," Fitch Ratings said in a statement. The sustained focus on supporting economic growth through high public capex also points to continuity in key areas, it added. "We believe that it should be achievable as the ...