Economic Slowdown: Modi government's capital expenditure has registered a decline during the first four months of this fiscal, both in terms of absolute numbers as well as a percentage of the budget estimate for the year.
"We really haven't had a chance to fully assess it. But, that said we welcome the fiscal 2019 budget targets, which has a fiscal deficit of 3.3 per cent of GDP which in our view returns budget to a path of gradual fiscal cons
Brazil's fiscal deficit prior to debt interest payments could reach 150 billion reais ($42.10 billion) this year as revenues collapse amid a crippling recession economy, Finance Minister Henrique Meirelles said on Wednesday.
Most states, it appears, would not be able to exercise benefits of the extra fiscal borrowing space the Centre is providing, as it is likely going to be a tightrope for them, considering the conditions they need to fulfill.
Budget 2016: The finance minister’s endeavour to maintain the fiscal deficit target at 3.5% is very commendable. The way the finance minister defined the pillars of his Budget gives a very clear picture on what are the clea
Budget 2016: Government is open to the idea of going in for higher fiscal deficit to propel growth in the upcoming Budget and will take a balanced view after considering various factors, Chief Economic Adviser Arvind Subraman