[

fiscal deficit

]
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)

Fiscal Federalism and Centrally Sponsored Schemes

By Vidhi Centre for Legal Policy
UPDATED ON SEP 06, 2021 12:33 PM IST
The study report has been authored by Ritwika Sharma, Mayuri Gupta and Kevin James
The deficit figures appear much better than the previous financial year, when it soared to 103.1% of the estimate, mainly on account of a jump in expenditure to deal with the Covid-19 pandemic.(HT_Print)
The deficit figures appear much better than the previous financial year, when it soared to 103.1% of the estimate, mainly on account of a jump in expenditure to deal with the Covid-19 pandemic.(HT_Print)

Fiscal deficit limited to 21.3% till now

By Gireesh Chandra Prasad, New Delhi
PUBLISHED ON SEP 01, 2021 04:22 AM IST
  • Data showed that the revenue deficit at the end of the period stood at 2 lakh crore
Representative Image
Representative Image

Fiscal deficit for 2020-21 at 9.3% of GDP, down from revised estimate of 9.5%

PTI |
PUBLISHED ON MAY 31, 2021 05:07 PM IST
The central government, in the revised estimates in the Budget for 2021-22, forecast a higher fiscal deficit of 9.5% of the GDP or 18,48,655 crore for the fiscal ended in March.
The lockdown imposed to curb spreading of coronavirus infections had significantly impacted business activities and in turn contributed to sluggish revenue realisation. (Representative Image)(BLOOMBERG NEWS)
The lockdown imposed to curb spreading of coronavirus infections had significantly impacted business activities and in turn contributed to sluggish revenue realisation. (Representative Image)(BLOOMBERG NEWS)

Fiscal deficit rises to 12.34 lakh crore at end of January

PTI |
PUBLISHED ON FEB 26, 2021 06:41 PM IST
The fiscal deficit at the end of January in the previous financial year was 128.5% of the Revised Estimates (RE).
Nirmala Sitharaman said in her budget speech on Monday that she expects the fiscal deficit to come down to 4.5% by 2025-26.(Bloomberg)
Nirmala Sitharaman said in her budget speech on Monday that she expects the fiscal deficit to come down to 4.5% by 2025-26.(Bloomberg)

Will budget 2021-22 balance the fisc?

By Roshan Kishore, New Delhi
UPDATED ON FEB 02, 2021 07:20 AM IST
Not only has the fiscal deficit reached an all-time high of 9.5% of GDP in 2020-21,as per the Revised Estimates (RE) given in the 2021-22 budget, it is not expected to come down anytime soon.
The tentative dates for the Budget Session of Parliament were decided after a meeting of the cabinet committee for parliamentary affairs on Tuesday, but a final decision will be taken after consultation with opposition parties by the end of the week.(HT PHOTO.)
The tentative dates for the Budget Session of Parliament were decided after a meeting of the cabinet committee for parliamentary affairs on Tuesday, but a final decision will be taken after consultation with opposition parties by the end of the week.(HT PHOTO.)

Budget should focus on growth recovery; fiscal deficit may fall to 6.2 % in FY22

PTI | , Mumbai
PUBLISHED ON JAN 28, 2021 06:04 PM IST
The report pegged growth at 9.6 per cent for 2021-22 and (-)7.8 per cent for the current financial year 2020-21.
According to ICRA's Principal Economist Aditi Nayar, the fiscal deficit is expected to touch 7.5 per cent for the fiscal ending in March.(PTI file photo)
According to ICRA's Principal Economist Aditi Nayar, the fiscal deficit is expected to touch 7.5 per cent for the fiscal ending in March.(PTI file photo)

Fiscal deficit to be 7.5 pc of GDP during FY 2020-21: Experts

PTI | , New Delhi
PUBLISHED ON JAN 09, 2021 12:08 PM IST
This would be a 100 per cent jump from the Budget estimate of 3.5 per cent of GDP pegged for the current fiscal.
The effective revenue deficit was 2.36 per cent, the data showed.(REUTERS)
The effective revenue deficit was 2.36 per cent, the data showed.(REUTERS)

Fiscal deficit widens to 4.6% of GDP in 2019-20

New Delhi | By Press Trust of India | Posted by Harshita Singh
UPDATED ON MAY 29, 2020 11:44 PM IST
According to the Controller General of Accounts (CGA) data, the fiscal deficit for 2019-20 worked out to be 4.59 per cent of the GDP, while the revenue deficit was 3.27 per cent.
Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.
Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.

Budget 2020 can be ‘largely neutral for growth, inflation’, says economist

Bloomberg, New Delhi | By Vrishti Beniwal
UPDATED ON FEB 01, 2020 02:12 AM IST
The government is expected to widen its fiscal deficit target for the year through March to 3.8% of gross domestic product from a planned 3.3%.
Moody’s slashed GDP growth forecast for India to 5.8 per cent from 6.2 per cent earlier in the year 2019-20.(Bloomberg Photo)
Moody’s slashed GDP growth forecast for India to 5.8 per cent from 6.2 per cent earlier in the year 2019-20.(Bloomberg Photo)

Moody’s cuts India’s GDP growth forecast to 5.8% for financial year 2020

New Delhi | By Press Trust of India
UPDATED ON OCT 10, 2019 01:29 PM IST
Moody’s attributed the deceleration to an investment-led economic slowdown that has broadened into consumption, driven by financial stress among rural households and weak job creation.
Imran Khan rose to power in Pakistan with the promise to improve the economic situation of the country.(Reuters Photo)
Imran Khan rose to power in Pakistan with the promise to improve the economic situation of the country.(Reuters Photo)

As Imran Khan completes one year in power, Pak’s fiscal deficit on three-decade high

Islamabad | By Asian News International
UPDATED ON AUG 28, 2019 05:31 PM IST
In June 2019, the Pakistan government had announced that it intends to keep the deficit at 7.1 per cent of GDP, whereas the target at the start of the year was 4.9 per cent.
The fiscal deficit for the current financial year is likely to be around 3.4% of gross domestic product (GDP), marginally higher than the targeted 3.3%.(Diwakar Prasad/ Hindustan Times)
The fiscal deficit for the current financial year is likely to be around 3.4% of gross domestic product (GDP), marginally higher than the targeted 3.3%.(Diwakar Prasad/ Hindustan Times)

Budget 2019: Govt misses fiscal deficit target, revises it upwards

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 02, 2019 02:36 PM IST
The fiscal deficit for the current financial year is likely to be around 3.4% of gross domestic product (GDP), marginally higher than the targeted 3.3%.
The government on Friday cut excise duty on petrol and diesel by Rs 1.5 a litre, sacrificing Rs 10,500 crore revenue in the current financial year.(Reuters/Picture for representation)
The government on Friday cut excise duty on petrol and diesel by Rs 1.5 a litre, sacrificing Rs 10,500 crore revenue in the current financial year.(Reuters/Picture for representation)

Excise duty cut on fuel credit negative for India, will increase fiscal deficit by up to 3.4%: Moody’s

New Delhi | By Press Trust of India
UPDATED ON OCT 09, 2018 03:58 PM IST
The excise duty cut on petrol and diesel is credit negative for India as it will reduce government revenue and increase fiscal deficit by 0.1 per cent to 3.4 per cent of GDP in the year ending March 2019, Moody’s Investors Service said on Tuesday.
PM Narendra Modi said GST had been the “biggest tax reform since independence” that had made the entire country into a single market and had widened tax base.(ANI/Twitter)
PM Narendra Modi said GST had been the “biggest tax reform since independence” that had made the entire country into a single market and had widened tax base.(ANI/Twitter)

India going through major transformation, witnessing rapid economic and social changes: Narendra Modi

Dehradun | By Indo Asian News Service
PUBLISHED ON OCT 07, 2018 03:29 PM IST
Addressing an investors summit in Dehradun, PM Narendra Modi said India’s economy had stabilised over the last few years, fiscal deficit had come down, inflation was under control and middle class is rising.
Finance minister Arun Jaitley speaks to reporters in New Delhi.(ANI Photo)
Finance minister Arun Jaitley speaks to reporters in New Delhi.(ANI Photo)

Govt will meet all fiscal targets, Arun Jaitley says after review

New Delhi | By Press Trust of India
UPDATED ON SEP 15, 2018 11:07 PM IST
Speaking to reporters after Prime Minister Narendra Modi reviewed various departments of the finance ministry, finance minister Arun Jaitley said the government is confident of surpassing the 7.2-7.5% GDP growth rate.
Indian constructors work at a site of an upcoming high-rise building in Mumbai.(AFP Photo)
Indian constructors work at a site of an upcoming high-rise building in Mumbai.(AFP Photo)

India may cut expenditure to stick to 3.3% fiscal deficit: Moody’s

Press Trust of India | By Press Trust of India
PUBLISHED ON JUN 07, 2018 03:07 PM IST
Moody’s expects the government to meet its fiscal deficit target of 3.3% for 2018-19, based on its commitment to gradual fiscal consolidation and budget assumptions which appear achievable, it said in a statement.
Net tax receipts in the first 11 months of 2017-18 fiscal year were Rs 1.03 lakh crore, government data showed on Wednesday.(Dhiraj Singh/Bloomberg)
Net tax receipts in the first 11 months of 2017-18 fiscal year were Rs 1.03 lakh crore, government data showed on Wednesday.(Dhiraj Singh/Bloomberg)

India’s April-Feb fiscal deficit breaches FY18 target by 120%

Press Trust of India, New Delhi | By HT Correspondent
UPDATED ON MAR 28, 2018 05:54 PM IST
Fiscal deficit for the first eleven months of FY18 stood at Rs 7.2 lakh crore, 120.3% of the estimated full-year target.
SHARE
Story Saved