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Fiscal deficit News

29 Nov 2024

Centre's 7-Month Fiscal Deficit At 46.5% Of Full Year Target

The government aims to bring down the fiscal deficit to 4.9 per cent of gross domestic product (GDP) in the current financial year from 5.6 per cent in 2023-24.

29 Nov 2024

Fiscal Deficit At 46.5% Of Full-year Target At October End

The deficit stood at 45 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.

30 Aug 2024

India's Fiscal Deficit For April-July Stands At 17.2% Of Full-Year Target

The reduced borrowings by the government will leave more money in the banking system for companies to borrow for investments which will help to spur growth and create more jobs.

28 Mar 2024

Fiscal Deficit At Feb-End Touches 86.5% Of Full-Year Target: Govt Data

The total expenditure incurred by the Centre was Rs 37.47 lakh crore.

29 Feb 2024

Fiscal Deficit At Jan-End Touches 63.6% Of Full-Year Target: Govt Data

This comprised Rs 18.8 lakh crore of tax revenue (net), Rs 3.38 lakh crore of non-tax revenue, and Rs 34,219 crore of non-debt capital receipts.

04 Feb 2024

Fiscal Deficit Was 4.5% In UPA's Terminal Yr, It's 5.8% Under NDA: Chidambaram

If the NDA points to the pandemic years (2020-21 & 2021-22), the UPA can point to the years of the International Financial Crisis (2008-09) and the 'taper tantrum' (2013-14), Chidambaram argued.

31 May 2023

India Meets FY2023 Fiscal Deficit Target Of 6.4%

The government's capital spending on infrastructure projects increased 24.2% from last year to 7.36 trillion rupees, aiding the economy.

31 Jan 2023

Centre's Fiscal Deficit Touches Nearly 60% of Full-Year Target at End-Dec

The government's fiscal deficit as of end-December touched 59.8%. A fiscal deficit is a difference between expenditure and revenue. The fiscal deficit of India was Rs 9,92,976 crore during April-December period of 2022-23.

17 Jan 2023

Analysts expect FM Sitharaman to trim FY24 fiscal deficit to 6 pc or lower

Nirmala Sitharaman will keep on the path of fiscal consolidation and opt for narrowing the FY24 fiscal deficit to as low as 5.8 per cent in the upcoming Budget: Experts. India will have to continue on this journey of fiscal consolidation and it does not have the luxury of pausing for the next few years, the analysts made it clear.

30 Sep 2022

RBI slashes India's growth forecast to 7% from 7.2%; Check details

RBI slashes growth projection to 7% for the current fiscal. Earlier, it was forecasted to 7.2%. RBI cites the reason of aggressive tightening of monetary policies globally and moderation demand.

30 Sep 2022

RBI keeps inflation projection for FY23 to 6.7%

Reserve Bank on Friday retained its inflation projection for current fiscal year at 6.7 per cent. 'The impact of inflation globally is weighing heavily on the domestic market': RBI Governor. For first quarter of next fiscal year, retail inflation is forecast at 5 per cent.

30 Sep 2021

Fiscal deficit touches 31.1% of annual target at end-August

The government expects the deficit at 6.8 per cent of GDP for FY22. Centre's total expenditure was Rs 12.76 lakh crore or 36.7 per cent of BE up to August 2021. The fiscal deficit for 2020-21 stood at 9.3%.

13 Aug 2021

India’s exports up 49.85% in July to record high of $35.43 billion

Oil imports soared by 97.45 per cent to USD 12.89 billion. Exports during April-July 2021-22 rose by 74.5 per cent year-on-year to USD 130.82 billion, as against USD 75 billion in the same period last year. Imports during the first four months of the fiscal increased by 94 per cent to USD 172.5 billion.

30 Jun 2020

April-May fiscal deficit at 58.6% of budgetary target

The government has targeted a fiscal deficit of Rs 7.96 lakh crore for fiscal year 2020-21.

18 Feb 2020

No reason to doubt govt will meet fiscal deficit targets: RBI Governor

Das said the government has remained within the limits set by the Fiscal Responsibility and Budget Management (FRBM) Committee for the budget deficit.

20 Jan 2020

Budget 2020 may push back fiscal deficit MTFP target

As per the medium-term fiscal policy cum fiscal policy strategy statement tabled in Parliament, the government is aiming to contain the fiscal deficit at 3.4 per cent in the current as well as the next fiscal, and then bring it down to 3 per cent in 2020-21.

Nirmala Sitharaman

22 Sep 2019

No plans to revise fiscal deficit target, cut spending: FM Nirmala Sitharaman

Sitharaman now said the government would only review the fiscal deficit target closer to the 2020-21 budget.

28 Aug 2019

RBI payout to help government invest in infra: Report

A significantly higher net one-time inflow of Rs 1.48 lakh crore from the RBI will provide an opportunity to the government to step up public investments without a material slippage in the fiscal deficit target pegged at 3.3 percent for 2019-20, an Acuite report said.

06 Jun 2019

CII comes out with new index to assess Central, state budgets

The index has been constructed using UNDP's Human Development Index methodology, CII said, adding the proposed composite index of fiscal performance comprises six components for holistic assessment of the quality of government budgets.

04 Jun 2019

Need to shift to structural deficit instead of fiscal deficit: SBI economists

The structural deficit is adopted by many advanced and also emerging markets, they said in a note.

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