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
In absolute terms, the central government's fiscal deficit in 2022-23 was Rs 17.33 lakh crore as against the revised estimate of Rs 17.55 lakh crore.
Concerns have been raised by Nomura Research regarding the achievement of the fiscal deficit target of 5.9% of GDP for the fiscal year 2023-24.
Digitisation could aid in greater formalization, widening the tax base to generate necessary resources to undertake developmental expenditure, the RBI says in its annual report.
According to Jeremy Zook, Fitch’s primary rating analyst for India, India’s revenue growth may soon plateau and require fiscal consolidation to be supported by expenditure cuts
India's Grand Old Party romped home to victory in the Karnataka assembly elections. But it must now deliver on its poll promises amid concerns about their cost.
“If inflation is 5 percent and GDP growth is likely at 5.5 percent, nominal GDP growth of 10.5 percent is likely with a tax buoyancy of 1. The government is not optimistic but realistic."
Acharya, formerly a deputy governor with the Reserve Bank of India, said India had slipped up on the fiscal deficit and inflation in recent years
Here are the key economic events in India and from around the world to get you started for next week.
The Central government has set itself a revised fiscal deficit target of Rs 17.55 lakh crore for the current financial year. However, as a percentage of the GDP, the full-year target remains at 6.4 percent.
The government does not plan to issue any Green Bonds in April-September, the finance ministry said
In her budget speech, Finance minister Nirmala Sitharaman had announced a 33 percent increase in capital expenditure for FY24, with a record Rs 10 trillion for infrastructure development.
Total US debt would rise to nearly 110 percent of annual gross domestic product in 2033, a figure that rivals the peaks during the country's mobilisation for World War II
The Centre is targeting a fiscal deficit of Rs 17.55 lakh crore for the current financial year, or 6.4 percent of the GDP
The oracle of Omaha is concerned about America's rising deficit but also believes that a long-term bet against America makes no sense.
The government will be sticking to FY23 deficit aim even if divestment receipts fall short of the Rs 50,000 crore revised aim for this financial, sources informed CNBC-TV18.
The Single Nodal Agency model is less than two years old but already has had a visible impact on public finances
States’ finances have been under the spotlight amid an ongoing debate on freebies.
With RBI projecting an inflation of 5 percent in June 2023, the probability of the 10-year government bond yield heading lower exists
Budget 2023 showcased Modi government's intent of pushing economic growth while staying committed to the fiscal consolidation path. The changes to new income tax regime could provide some consumption push.
But the elevated borrowing level may exert upward pressure on sovereign yields, against a backdrop of rising demand for bank credit
The big bang spend in public sector capex implies a large fiscal multiplier effect on construction and civil works and on employment
Finance Minister Nirmala Sitharaman wants to retain the Centre's focus on reviving the economy. But what do the Budget numbers say?
Union Budget 2023: The Centre's borrowing is among the most important determinants of interest rates in the economy. Higher-than-expected government borrowings can push up rates for all bond issuers, sovereign and corporate
The government's fiscal deficit had widened to Rs 9.78 lakh crore in the April-November period, accounting for 58.9% of the full-year target, data released on December 30 by the Controller General of Accounts showed