Fiscal deficit

India’s fiscal deficit widens to Rs 7.6 lakh crore in Apr-Oct’22

The fiscal deficit has breached 45% of the full year budget estimate during the period October, the government data showed.

published on : 1st December 2022

Centre's fiscal deficit touches 45.6 pc of full-year target at end-Oct 

In the corresponding period last year, the deficit was 36.3 per cent of the Budget Estimates of 2021-22.

published on : 30th November 2022

Fiscal deficit in H1 of FY23 touches 37.3 per cent of full-year target

The central government's total expenditure was Rs 18.23 lakh crore or 46.2 per cent of the BE 2022-23.

published on : 31st October 2022

Fiscal deficit reduced to 3.38%, says PTR

The minister said the revenue deficit has been reduced by Rs 9,000 crore from the final estimates.

published on : 20th October 2022

CAG flags non-adherence to FRBM Act, lack of clarity in PD accounts

In February 2022, the government had said that the delay in implementing the amended Act was due to the State’s bifurcation and shifting of capital.

published on : 22nd September 2022

Fiscal deficit touches 20.5 per cent of annual target in Apr-Jul: Official data

Last year too, the government had managed to mop 34.2 per cent of its annual estimate during April-July.

published on : 31st August 2022

Silly to compare Sri Lanka's economic situation with India:  Former NITI Aayog Vice-Chairman

The eminent economist was asked to comment on  Rahul Gandhi's statement hiting out at the Modi government over rising inflation and unemployment and said India looks a "lot like Sri Lanka".

published on : 31st July 2022

57% jump on infrastructure spending as Centre uses Rs 1.75 lakh crore in April-June

Capex in the first quarter was Rs 1.75 lakh crore compared to Rs 1.11 lakh crore in the same quarter the previous fiscal

published on : 30th July 2022

Odisha's debt burden expected to increase by nearly three per cent in the next three years

Debt stock will go up by Rs 22,356 cr because of development work post-Covid pandemic

published on : 4th July 2022

Fiscal deficit jumps 67 per cent in Apr-May to 2 lakh crores

Central government’s fiscal deficit increased 67% to Rs 2 lakh crore owing to slow growth in revenue receipt and a 23% growth in expenditure. 

published on : 1st July 2022

Fiscal deficit at 59 per cent of the budget target till Jan 2022

The total receipts of the government in end-January were Rs 18.71 lakh crore or 85.9% of the Revised Estimates (RE) for 2021-22.

published on : 1st March 2022

In COVID times, high fiscal deficit can be growth mantra

The quality of fiscal consolidation suffers if the path to fiscal consolidation is thr­ough expenditure compression rather than increased tax buoyancy.

published on : 2nd February 2022

0.3 per cent slippage in fiscal deficit statistical in character: Finance Minister Arun Jaitley

The anti-evasion measures being put in place will lead to higher compliance-level and see accounting for full 12 months' revenue from the Goods and Services Tax (GST) from next year.

published on : 5th February 2018

Risks tilted towards higher fiscal deficit for fiscal 2019: Goldman Sachs

The government outlined a fiscal deficit target of 3.3 per cent of GDP in 2018-19 as against a revised estimate of 3.5 per cent in 2017-18, indicating some fiscal consolidation, but at a slower pace.

published on : 5th February 2018

India's economy in 2017-18 to grow at slowest pace in four years

According to the CSO, GDP growth rate for the first quarter of 2017-18 fell to a three-year low of 5.7 per cent, in what seems to be a direct fallout of demonetisation.

published on : 6th January 2018

India maintains 2016/17 fiscal deficit target at 3.5 percent of GDP

India retained its fiscal deficit target of 3.5 percent of gross domestic product for fiscal year to March 2017, as against 3.2 percent mentioned incorrectly in the budget document.

published on : 1st February 2017