Page 7 of fiscal deficit

For FY22, the total expenditure RE was Rs 37.7 trillion, 8% higher than the Budget estimate (BE), as revenue expenditure was enhanced by 8% to Rs 31.67 trillion and capex by 9% to Rs 6 trillion in the RE from the BE. Sources said actual capex was marginally lower than the RE.

Centre reins in FY22 fiscal deficit at revised estimate of 6.9%

The fiscal deficit and expenditure numbers for FY22 will be released by the Controller General of Accounts (CGA) on May…

May 11, 2022 02:05 IST

Fiscal deficit, State government, economic growth

States debt to remain at elevated levels in FY23, market borrowings to swell at record levels: India Ratings

India Ratings said it expects the aggregate fiscal deficit of the 20 states to come in marginally higher at 3.36…

April 25, 2022 15:11 IST

State government tax recipts, fiscal deficit, GST

Covid’s Collateral Casualty: State finances lag behind centre post pandemic; tax revenue lowest in two decades

With the shortfall in revenues expected in the current fiscal, state governments may ask the central government to extend the…

April 20, 2022 16:46 IST

Fiscal deficit, farm loan waive, old pension scheme

Why freebies such as farm loan waivers offered by states could worsen fiscal burden, SBI Research explains

“A collateral casualty of the pandemic seems to be the fiscal situation of states, as our comprehensive analysis of finances…

April 19, 2022 13:12 IST

As a result, there was a net tax outgo of Rs 66,550 crore in February this year, compared with net receipts of Rs 1.14 trillion in February 2021.

Fiscal deficit contained at 83% of FY22 revised estimate

The Centre’s net tax receipts, which grew an impressive 40% on year till January this fiscal, were up just 22%…

April 1, 2022 02:30 IST

In actual terms, the deficit stood at Rs 13,16,595 crore at the end of February this year, as per the data released by the Controller General of Accounts (CGA).

Centre’s fiscal deficit touched 82.7 pc of full year target at end of February

In the last financial year, the fiscal deficit or gap between the expenditure and revenue was 76 per cent of…

March 31, 2022 17:34 IST

Moody’s cuts India’s GDP forecast to 9.1%; high oil prices amid Ukraine fallout to hurt govt’s budget

“High fuel and potentially fertilizer costs would weigh on government finances down the road, potentially limiting planned capital spending,” Moody’s…

March 17, 2022 12:10 IST

Fiscal deficit at 58.9% of revised annual target till January

The Centre may rein in fiscal deficit at slightly below the targeted 6.9% of GDP due to overall buoyancy in…

March 1, 2022 05:30 IST

States’ fiscal deficit to stand at 3.6 per cent in FY23: Ind-Ra

The agency had earlier forecast the fiscal deficit of the states to print in at 4.1 per cent.

February 18, 2022 15:53 IST

Fitch Ratings flags India’s fiscal deficit targets; says govt must focus on cutting debt

FM Nirmala Sitharaman has budgeted the fiscal deficit to be 6.4% of the GDP for upcoming fiscal 2022-23, higher than…

Updated: February 2, 2022 16:07 IST

budget 2022, budget expectations, budget survey, Nirmala Sitharaman, finance minister, fiscal consolidation, GDP growth, fiscal deficit, infrastructure, capex

Budget Survey 2022: Will FM Sitharaman loosen purse strings for growth, or will fiscal prudence hold her back?

Economists and experts said that it is crucial for the government to focus on striking the right balance between growth…

January 27, 2022 20:24 IST

Fiscal deficit for FY22 may narrow on higher tax collection, says India Ratings

India Ratings and Research expects the fiscal deficit for FY22 to be at 6.6% of the GDP, 20 basis points…

Updated: December 31, 2021 13:58 IST

The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP. (Representative image)

RBI expresses doubts over Centre meeting fiscal deficit targets

Total expenditure grew 9.9 per cent, the noteworthy feature being expansion of capital outlay by 28.3 per cent, led by…

December 29, 2021 21:09 IST

Creating new money has downsides: RBI governor Shaktikanta Das

RBI has no rate fixation, orderly evolution of yield curve a public good, says governor

July 15, 2021 04:30 IST

Deficit Targets: A 21st century fiscal architecture for India

India needs an independent fiscal council with powers to access state and central govt records as required—a key 14th and…

April 6, 2021 05:20 IST

Fiscal status check: Deficit may soar to 9.5% this FY, hits two-thirds of revised full-year forecast

India’s fiscal deficit stood at 66.8 per cent of the revised Budget estimates for the current fiscal, as of end…

March 19, 2021 12:39 IST

High fiscal deficit may invite rating agencies’ ire, Fitch may downgrade: Report

In a note released hours after the Nomura report, Fitch indeed flagged risks over the fiscal roadmap from the medium…

February 2, 2021 17:07 IST

With off-budget borrowings, FY22 fiscal deficit rises to 6.9%, 10.2% for FY21: Report

The report stated that the government was using its off-budget borrowings on a massive scale through public sector agencies to…

February 2, 2021 16:47 IST

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