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Fiscal deficit is the shortfall in a government's income compared with its spending. It is calculated as a percentage of the gross domestic product, or the total spent in excess of the income. More
Apr 08, 2021 09:52 AM ISTHigh fiscal deficits expected to drive growth in most economies this year
Apr 01, 2021 06:56 PM IST In line with higher-than-budgeted deficit ratios, the state's debt-to-GSDP ratio has jumped to 20.2 percent in 2020-21, up from 16 percent in 2019-20, and the 2020-21 Budget Estimate of 16.2 percent, India Ratings said in the report quoting revised budget estimates for FY21.
Mar 31, 2021 04:37 PM IST Finance Minister Nirmala Sitharaman had, in her 2021-22 Union Budget, revised the fiscal deficit target for the current fiscal year to Rs 18.49 lakh crore, or 9.5 per cent of real gross domestic product, compared to budget estimates of Rs 7.96 lakh crore or 3.5 percent of GDP.
Mar 23, 2021 09:41 AM IST Researchers at the RBI seem to have a less enthusiastic view of the wonders of a negative r-g than those who penned the Economic Survey
Feb 15, 2021 05:58 PM IST The rating agency has revised the outlook on state finances to stable for FY22 from stable-to-negative.
Feb 10, 2021 03:46 PM IST Fitch said the announcement of an asset reconstruction company and an asset management company to deal with non-performing assets should be credit positive and added that plans to privatise two state-run banks could also be significant.
Feb 08, 2021 10:05 PM IST The 'mool mantra' now is that fiscal deficit is something that one cannot escape, but at the same time, it needs to be carefully tackled, she said in her post-Budget address to members of PHD Chamber of Commerce.
Feb 08, 2021 01:43 PM IST The government has room to cut down its cash balances, given the rise in taxes and bond receipts. The release of the balances could lower interest rates whereas the additional borrowing pushes interest rates upwards
Feb 04, 2021 10:23 AM IST The rating agency says India’s debt burden has risen further above the Baa-rated median and its debt affordability remains the weakest among Baa-rated peers
Feb 03, 2021 09:29 PM IST Speaking to Moneycontrol, the Minister of State for Finance said that while the medium term fiscal deficit targets till 2025-26 seem challenging, the Modi government has had a proven track record of fiscal discipline.
Feb 03, 2021 06:31 PM IST The US-based agency said it expects India's nominal GDP growth to rise to closer to 17 percent in fiscal 2021, higher than 14.4 percent projected in the Budget.
Feb 02, 2021 06:05 PM IST In a move widely hailed for its transparency, Finance Minister Nirmala Sitharaman on Monday said the fiscal deficit will come at 9.5 percent on the back of high spending during the pandemic, and will narrow to 6.8 percent in FY22.
Feb 02, 2021 04:47 PM IST The budget has pegged fiscal deficit at 9.5 percent for FY21 and 6.8 percent for FY22 excluding the off-budget borrowings of Rs 1.3 lakh crore and Rs 30,000 crore, respectively.
Feb 02, 2021 02:48 PM IST India, which has often complained its sovereign credit ratings by agencies such as Fitch not reflecting the economy's fundamentals, put the fiscal deficit - the excess of government expenditure over its revenues - at 9.5 percent of the gross domestic product (GDP) in the current fiscal ending March 31, against a planned 3.5 percent.
Feb 02, 2021 09:39 AM IST Given the strong intent demonstrated by policymakers of late, one remains confident of strong fiscal-monetary co-ordination in the coming months to pre-empt any undue pressure on interest rates
Feb 01, 2021 08:50 PM IST In RE 2020-21, the total expenditure has been estimated at Rs 34,50,305 crore and is more than Provisional Actual (2019-20) by Rs 7,63,975 crore
Feb 01, 2021 07:12 PM IST Finance minister Nirmala Sitharaman said the Centre is targeting a fiscal deficit of 6.8 percent of gross domestic product (GDP) for FY22, which will gradually come down to below 4.5 percent by FY26. This will require amendments to the Fiscal Responsibility and Budget Management Act
Feb 01, 2021 05:14 PM IST Nirmala Sitharaman claimed that the government has decided to give a "greater impetus" to the economy through the Union Budget.
Feb 01, 2021 04:15 PM IST With two months to go in this fiscal, it appears impossible that the government will meet its disinvestment target of Rs 2.1 lakh crore. It is hoped that the 2022 target is achieved
Feb 01, 2021 12:31 PM IST For FY21, the revised fiscal deficit estimate now stands at 9.5 percent of the GDP, from a budgeted estimate of 3.5 percent.
Jan 29, 2021 05:26 PM IST Net tax receipts were 9.62 trillion rupees, while total expenditure was 22.8 trillion rupees, the data showed.
Jan 28, 2021 01:28 PM IST Budget 2020 was presented before the countrywide lockdown was imposed in response to the pandemic.
Jan 27, 2021 10:31 AM IST At this juncture the budget appears to be quite constructive; however, the fiscal room afforded even after considering the improving economy and better-than-expected tax collections is not very significant.
Jan 25, 2021 03:56 PM IST In India, 85 million people will be pushed into poverty as a result of the Covid19 pandemic
Jan 25, 2021 01:41 PM IST The government must prioritise spending in areas with strong and quick multiplier effects such as MSMEs, affordable housing, rural economy and infrastructure
