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India to face challenges in meeting fiscal deficit target: Report

Budget 2023: The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.4% in 2022/23, according to revised estimates.

FM Sitharaman Said Indian economy has become the fifth-largest in the world in the last nine years. (Representational Photo)
FM Sitharaman Said Indian economy has become the fifth-largest in the world in the last nine years. (Representational Photo)
Published on Feb 01, 2023 05:54 PM IST
Reuters | | Posted by Shobhit Gupta

India's April-Sept fiscal deficit touches $74.91 billion, says Centre: Report

In February, while presenting the annual budget, Finance Minister Nirmala Sitharaman set the fiscal deficit target at 6.4% of GDP for 2022/23 starting April, compared to 6.7% in the previous fiscal year.

Net tax receipts rose to 10.12 trillion rupees while total expenditure was 18.24 trillion rupees, the data showed(Reuters File Photo)
Net tax receipts rose to 10.12 trillion rupees while total expenditure was 18.24 trillion rupees, the data showed(Reuters File Photo)
Updated on Oct 31, 2022 05:04 PM IST
Reuters | | Posted by Aryan Prakash

Fiscal deficit improves to 6.7% of GDP on higher tax receipts

The better-than-expected deficit will reduce the extent of fiscal roll back required in the current fiscal year compared to the last. The budget estimate for fiscal deficit in 2022-23 is 6.4%.

Representational image(Pradeep Gaur/ Mint)
Representational image(Pradeep Gaur/ Mint)
Published on Jun 01, 2022 06:36 AM IST
By, Rajeev Jayaswal, New Delhi

Fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate: Centre

For the last financial year, the government had initially pegged the fiscal deficit at 6.8% of the GDP. 

In absolute terms, the fiscal deficit stood at <span class='webrupee'>₹</span>15,86,537 crore. (Representative Image)
In absolute terms, the fiscal deficit stood at 15,86,537 crore. (Representative Image)
Published on May 31, 2022 04:26 PM IST
PTI | , New Delhi

Fiscal Federalism and Centrally Sponsored Schemes

The study report has been authored by Ritwika Sharma, Mayuri Gupta and Kevin James

According to the budget estimates for 2021-22, up to 23% of the total fiscal transfers to states are set to be through the route of CSSs.(iStock/HT Archive)
According to the budget estimates for 2021-22, up to 23% of the total fiscal transfers to states are set to be through the route of CSSs.(iStock/HT Archive)
Updated on Sep 06, 2021 12:33 PM IST
ByVidhi Centre for Legal Policy
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