Page 19 - Latest Updates on Fiscal Deficit
Fiscal deficit way past 3.5% goal if off-budget borrowings are factored in
Adding these borrowings, amounting to Rs 1.86 trn, to the Rs 7.96 trn projected fiscal deficit would take the actual deficit to 4.37% of GDP, and not the official 3.5% estimate
 "Fiscal deficit way past 3.5% goal if off-budget borrowings are factored in")
India's growth, fiscal deficit projections challenging to meet: Moody's
Nirmala Sitharaman, set a fiscal deficit target of 3.5% of GDP for the year ending March 2021 and said it expected nominal GDP of 10%
 "India's growth, fiscal deficit projections challenging to meet: Moody's")
Income Tax slabs to fiscal deficit, all the key points from Budget 2020
Govt estimates economic growth this fiscal year, which ends on March 31, will slip to 5% - its weakest pace since the global financial crisis of 2008-09
 "Income Tax slabs to fiscal deficit, all the key points from Budget 2020")
Govt revises FY20 fiscal deficit target to 3.8% from earlier target of 3.3%
Sitharaman, who was presenting the annual budget in parliament, also pegged the fiscal deficit target for the year 2020/21 at 3.5% of the GDP
 "Govt revises FY20 fiscal deficit target to 3.8% from earlier target of 3.3%")
Apr-Dec fiscal deficit hits 132.4% of budgetary target, at Rs 9.31 trillion
The Central government's total expenditure stood at Rs 21.09 trillion (75.7 per cent of BE) while total receipts were Rs 11.77 trillion (56.6 per cent of BE)
 "Apr-Dec fiscal deficit hits 132.4% of budgetary target, at Rs 9.31 trillion")
Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
 "Revival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%")
Govt should lean on growth instead of focusing on fiscal deficit: CEA
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added
 "Govt should lean on growth instead of focusing on fiscal deficit: CEA")
Pace of road construction less than half that of 2018-19: Economic Survey
Per-day construction drops from 29.7 km in FY19 to 12.7 km in first six months of current fiscal
 "Pace of road construction less than half that of 2018-19: Economic Survey")
Fiscal deficit hits 132% of estimate till Dec on slow revenue collection
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
 "Fiscal deficit hits 132% of estimate till Dec on slow revenue collection")
Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
 "Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target")
Wealth creation to Thalinomics: All you must know about Economic Survey '20
The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth
 "Wealth creation to Thalinomics: All you must know about Economic Survey '20")
Budget 2020: Six major concerns that FM Sitharaman should address on Feb 1
Bringing down fiscal deficit to 3% in line with FRBM Act will be a major challenge for the govt
 "Budget 2020: Six major concerns that FM Sitharaman should address on Feb 1")
India's fiscal experiments
The government will need to take a call on whether it wants to support growth - which is expected to slip to 5 per cent in the current year - or contain fiscal slippage
Ind-Ra expects states fiscal deficit to touch 3% of GDP in FY21
Ind-Ra's Devendra Pant said while bigger states are better placed to manage fiscal shocks, states which see fiscal deficit at 4% or more may see deterioration
 "Ind-Ra expects states fiscal deficit to touch 3% of GDP in FY21")
GST, VAT collection dips as 6 states' tax revenue till November FY20 falls
On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period
 "GST, VAT collection dips as 6 states' tax revenue till November FY20 falls")
Budget 2020: Govt may consider tax sops, easier norms to boost investments
Revenue projections may be realistic this time
 "Budget 2020: Govt may consider tax sops, easier norms to boost investments")
Calibrating the policy mix
The right fiscal-monetary-external balance must be achieved to nurture and harness a nascent recovery
 "Calibrating the policy mix")
Challenges before FM: Boosting growth, reining in fiscal deficit
Economic slowdown leaves Finance Minister Nirmala Sitharaman with a difficult choice in her second Budget - whether to rein in fiscal deficit or widen ot to stimulate the economy
 "Challenges before FM: Boosting growth, reining in fiscal deficit")
Budgetary over-reach: There is a price for trying to do too much in Budgets
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan
Fiscal deficit may widen to 3.8% for current financial year: Report
A correction in consumption demand is cited as a major reason for a dip in economic growth to a decadal low of 5 per cent
