Page 25 - Latest Updates on Fiscal Deficit
Minutes of MPC meeting: Fixing weak economic growth remains top priority
What is telling is that large swings in the Indian business cycle are still not a thing of the past, despite the adoption of inflation targeting in India
 "Minutes of MPC meeting: Fixing weak economic growth remains top priority")
Crafting a fiscally neutral stimulus
With a slew of industries in the grip of a prolonged slump, a package of measures that will boost demand without burdening the exchequer is imperative
 "Crafting a fiscally neutral stimulus")
Misleading fiscal deficit
CAG's view on Budget numbers has merit
 "Misleading fiscal deficit")
Unlike other UTs, Jammu & Kashmir to get funds from Centre's divisible pool
Resources for other UTs are allotted from the central government's coffers
 "Unlike other UTs, Jammu & Kashmir to get funds from Centre's divisible pool")
Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia
Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further
 "Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia")
Where do numbers go: CAG, finance ministry spar over off-Budget financing
The issue has been flagged in audit reports by the CAG tabled in Parliament in February this year, as well as in its recent presentations to the 15th Finance Commission
 "Where do numbers go: CAG, finance ministry spar over off-Budget financing")
Three contradictions that hobble Modi govt's response to economic slowdown
The Modi regime wants a bigger role for the government but it does not have the comfort of having enough financial resources
 "Three contradictions that hobble Modi govt's response to economic slowdown")
April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark
Data by the Controller General of Accounts showed that total expenditure for April-June was Rs 7.22 trillion
 "April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark")
Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of budget estimate
The CGA data showed that revenue receipts of the government during April-June, 2019-20 was 14.4 per cent of the Budget Estimate
 "Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of budget estimate")
Fiscal deficit crosses 61% of budgeted target in first 3 months of FY20
Net tax receipts in the first three months of the fiscal year were Rs 2.51 trillion
 "Fiscal deficit crosses 61% of budgeted target in first 3 months of FY20")
Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit
 "Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60")
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")
Govt committed to fiscal consolidation, helping infrastructure: Sitharaman
The government has set the fiscal deficit target at 3.3 per cent of GDP for 2019-20, says Finance Minister.
 "Govt committed to fiscal consolidation, helping infrastructure: Sitharaman")
The algebra of state spending
Net tax revenues are expected to surge by 25.3 per cent, non-tax ones by 27.2 per cent & disinvestment by 23.5 per cent
 "The algebra of state spending")
Handle with care
Sovereign borrowing in foreign currency has inherent risk
 "Handle with care")
Budget 2019: Govt lower fiscal deficit target to 3.3% from 3.4% for FY20
While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent
 "Budget 2019: Govt lower fiscal deficit target to 3.3% from 3.4% for FY20")
Centre cuts reliance on market borrowings to finance fiscal deficit
Share of market borrowings to bridge the fiscal deficit has plunged from 89 per cent in FY15 to 71 per cent in FY19
 "Centre cuts reliance on market borrowings to finance fiscal deficit")
Budget 2019: Time for govt to restore its credibility, get numbers right
Restoring the finance ministry's credibility requires more than ensuring that the fiscal deficit numbers are believable
 "Budget 2019: Time for govt to restore its credibility, get numbers right")
Fiscal deficit hits 52% of budgeted target in first two months of FY20
Expenditure during the April-May period stood at Rs 5.12 trillion or 18.4 per cent of the Budget estimates
