fiscal deficit

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

Jump to
1181 Results Found
  • Chart of the Day | India’s fiscal deficit likely to be the highest among major economies by 2022 Apr 08, 2021 09:52 AM IST

    Chart of the Day | India’s fiscal deficit likely to be the highest among major economies by 2022

    High fiscal deficits expected to drive growth in most economies this year

  • Pandemic leads to Maharashtra plunging into debt trap; fiscal deficit highest since FY06: Report Apr 01, 2021 06:56 PM IST

    Pandemic leads to Maharashtra plunging into debt trap; fiscal deficit highest since FY06: Report

    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.

  • India's April-February fiscal deficit at 76% of FY21 revised estimates Mar 31, 2021 04:37 PM IST

    India's April-February fiscal deficit at 76% of FY21 revised estimates

    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.

  • RBI research takes the shine off Economic Survey’s spirited defence of high fiscal deficits Mar 23, 2021 09:41 AM IST

    RBI research takes the shine off Economic Survey’s spirited defence of high fiscal deficits

    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

  • States' fiscal deficit to narrow to 4.3% of GDP in FY22: Report Feb 15, 2021 05:58 PM IST

    States' fiscal deficit to narrow to 4.3% of GDP in FY22: Report

    The rating agency has revised the outlook on state finances to stable for FY22 from stable-to-negative.

  • Budget 2021 has potential to lift growth prospects: Fitch Feb 10, 2021 03:46 PM IST

    Budget 2021 has potential to lift growth prospects: Fitch

    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.

  • Govt monitoring fiscal deficit carefully: FM Nirmala Sitharaman Feb 08, 2021 10:05 PM IST

    Govt monitoring fiscal deficit carefully: FM Nirmala Sitharaman

    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.

  • Government’s cash balance is a jigsaw puzzle yet to be solved Feb 08, 2021 01:43 PM IST

    Government’s cash balance is a jigsaw puzzle yet to be solved

    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 

  • Moody’s warns of India’s high fiscal deficit Feb 04, 2021 10:23 AM IST

    Moody’s warns of India’s high fiscal deficit

    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

  • INTERVIEW | I believe we can exceed the divestment target for 2021-22: Anurag Thakur Feb 03, 2021 09:29 PM IST

    INTERVIEW | I believe we can exceed the divestment target for 2021-22: Anurag Thakur

    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.

  • Slower consolidation to constrain India's fiscal strength over medium term: Moody's Feb 03, 2021 06:31 PM IST

    Slower consolidation to constrain India's fiscal strength over medium term: Moody's

    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.

  • High fiscal deficit may invite rating agencies' ire, Fitch may downgrade: Report Feb 02, 2021 06:05 PM IST

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

    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.

  • With off-budget borrowings, FY22 fiscal deficit rises to 6.9%, 10.2% for FY21: Report Feb 02, 2021 04:47 PM IST

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

    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.

  • India's near-term fiscal deficit target higher than expected: Fitch Feb 02, 2021 02:48 PM IST

    India's near-term fiscal deficit target higher than expected: Fitch

    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.

  • Budget 2021 boosts confidence in these challenging times Feb 02, 2021 09:39 AM IST

    Budget 2021 boosts confidence in these challenging times

    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 

  • In Charts : Union Budget 2021 at a glance Feb 01, 2021 08:50 PM IST

    In Charts : Union Budget 2021 at a glance

    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

  • Government confident of achieving targets set in Budget 2021-22: DEA secretary Tarun Bajaj Feb 01, 2021 07:12 PM IST

    Government confident of achieving targets set in Budget 2021-22: DEA secretary Tarun Bajaj

    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

  • Union Budget 2021 | We spent big on infra and attended to healthcare sector, says FM Sitharaman in the post-Budget presser Feb 01, 2021 05:14 PM IST

    Union Budget 2021 | We spent big on infra and attended to healthcare sector, says FM Sitharaman in the post-Budget presser

    Nirmala Sitharaman claimed that the government has decided to give a "greater impetus" to the economy through the Union Budget.

  • Budget 2021 | Government must speed up disinvestment to bridge fiscal deficit Feb 01, 2021 04:15 PM IST

    Budget 2021 | Government must speed up disinvestment to bridge fiscal deficit

    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

  • Budget 2021: FM Nirmala Sitharaman targets FY22 fiscal deficit at 6.8%, expands budget to provide stimulus Feb 01, 2021 12:31 PM IST

    Budget 2021: FM Nirmala Sitharaman targets FY22 fiscal deficit at 6.8%, expands budget to provide stimulus

    For FY21, the revised fiscal deficit estimate now stands at 9.5 percent of the GDP, from a budgeted estimate of 3.5 percent.

  • India's April-December fiscal deficit tops 145% of full year target Jan 29, 2021 05:26 PM IST

    India's April-December fiscal deficit tops 145% of full year target

    Net tax receipts were 9.62 trillion rupees, while total expenditure was 22.8 trillion rupees, the data showed.

  • Fiscal deficit to decline to 6.2% of GDP in FY22 from 7.0% in FY21: India Ratings Jan 28, 2021 01:28 PM IST

    Fiscal deficit to decline to 6.2% of GDP in FY22 from 7.0% in FY21: India Ratings

    Budget 2020 was presented before the countrywide lockdown was imposed in response to the pandemic.

  • Axis Securities highlights key points for Budget, handpicks 15 pre-Budget picks Jan 27, 2021 10:31 AM IST

    Axis Securities highlights key points for Budget, handpicks 15 pre-Budget picks

    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.

  • Centre must increase fiscal deficit to stop people being pushed into poverty: Kaushik Basu Jan 25, 2021 03:56 PM IST

    Centre must increase fiscal deficit to stop people being pushed into poverty: Kaushik Basu

    In India, 85 million people will be pushed into poverty as a result of the Covid19 pandemic

  • Better targeting of government spending is crucial Jan 25, 2021 01:41 PM IST

    Better targeting of government spending is crucial

    The government must prioritise spending in areas with strong and quick multiplier effects such as MSMEs, affordable housing, rural economy and infrastructure 

Sections