Fiscal deficit

Government keeps fiscal deficit at 31 per cent of budgeted target

Out of the total revenue expenditure, Rs 2,78,371 crore is on account of interest payments and Rs 1,47,398 crore is on account of subsidies.

published on : 1st October 2021

Fiscal deficit at 21 per cent as tax mop-up rises, spending dips

RBI’s surplus transfer of Rs 99,122 crore in June this year has also boosted the government’s total revenue receipt during the April-July period.

published on : 1st September 2021

Centre's fiscal deficit touch 21.3 per cent of annual target at July-end: CGA data

The deficit figures this fiscal appear much better than the previous financial year, when it soared to 103.1 per cent of the estimate, mainly on account of a jump in expenditure.

published on : 31st August 2021

Fiscal deficit narrows to 18.2% of Budget estimate

Touches Rs 2.74 lakh crore in Q1; government confident to meet the target of 6.8%

published on : 31st July 2021

Union's fiscal deficit touches 18.2 per cent of annual target at end of June

The fiscal deficit at the end of June 2020 was 83.2 per cent of the Budget Estimates (BE) of 2020-21.

published on : 30th July 2021

NDA govt is bankrupt, has undone UPA's good work, says Congress' Manish Tiwari

Tiwari said the Union government, which had collected Rs 25 lakh crore as excise duty on petrol and diesel, was trying to run the government from this amount as it had failed to expand the economy.

published on : 16th July 2021

RBI should not print money to finance fiscal deficit: Pinaki Chakraborty

Pinaki Chakraborty said India's current macroeconomic situation is better than what it was during the first wave of the COVID-19 pandemic and should recover faster if there is no third wave.

published on : 4th July 2021

RBI surplus, taxes kept fiscal deficit in check at 8.2 per cent: Data

In first two months of 2019-20, the fiscal deficit was 52 per cent of the then Budget target. The budget target set for fiscal deficit in FY2021-22 is Rs 11.40 lakh crore. 

published on : 1st July 2021

Government confident on fiscal deficit, rules out extra borrowing 

The finance ministry has ruled out any fresh borrowing for the stimulus package announced on Manday, claiming that it will have no impact on India’s fiscal roadmap this year.

published on : 30th June 2021

New Covid package to raise fiscal deficit by 60 bps, opens Rs 70,000-crore new loan window: SBI report

The fiscal impact of latest announcements and earlier is not linear as a substantial portion of the package is contingent liabilities.

published on : 29th June 2021

Additional cost of new stimulus package to government Rs 1.2 lakh crore or Rs 60,000 crore?

Sreejit Balasubramanian, India economist at IDFC Mutual Fund, says the immediate fiscal expenditure from today's measures is 0.77% of GDP, of which 0.56% is from measures already announced.

published on : 28th June 2021

Elevated public debt, 11.8 per cent fiscal deficit for FY 2020-21 matter of concern: Report

UBS Securities India chief economist Tanvee Gupta Jainnoted that the elevated fiscal deficit has also led to historically high public debt levels, flagging concerns on the steep jump.

published on : 15th April 2021

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
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