Page 26 - Latest Updates on 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")
Some medium-term fiscal arithmetic
A medium-term macro-fiscal exercise will make clear the analytical choices and trade-offs that the government faces
 "Some medium-term fiscal arithmetic")
Fiscal deficit hits 52% of FY20 budgeted target at Rs 3.66 trillion
Net tax receipts in the first two months of the fiscal year were Rs 1.15 trillion, while total expenditure was Rs 5.13 trillion, government data showed
 "Fiscal deficit hits 52% of FY20 budgeted target at Rs 3.66 trillion")
Pace of revenue expenditure slows as fiscal deficit target looms
Finance Minister Arun Jaitley has said the fiscal deficit target of 3.3 per cent of gross domestic product (GDP) will be met without any cut in capital expenditure
 "Pace of revenue expenditure slows as fiscal deficit target looms")
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
 "Fiscal deficit hits 52% of budgeted target in first two months of FY20")
Greater slippage likely to raise questions over fiscal arithmetic for FY20
The interim Budget pegs collections from CGST for the full year at Rs 5.04 trillion
 "Greater slippage likely to raise questions over fiscal arithmetic for FY20")
Fiscal deficit to revenue target: Crunching the Budget numbers
With GST revenues coming well below expectations, the Centre failed to meet its budgeted fiscal deficit target yet again
 "Fiscal deficit to revenue target: Crunching the Budget numbers")
States, schemes and disaster management bear cost of fiscal discipline
Farm sector spend took a hit, as PM-KISAN beneficiaries remained largely unidentified
 "States, schemes and disaster management bear cost of fiscal discipline")
Achieving a fiscal miracle
The government managed to recover more by way of loan repayments and increase its disinvestment receipts over and above what was mentioned in the revised estimates
Modi govt meets revised fiscal deficit target of 3.4% for 2018-19
The revenue deficit for the entire FY19 came in at 108.2% of the full year target, compared to 102% for FY18
Govt meets its interim budget fiscal deficit target of 3.4% for 2018-19
In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 trillion as against Rs 6.34 trillion in the revised estimates of Budget
 "Govt meets its interim budget fiscal deficit target of 3.4% for 2018-19")
States may cause fiscal slippage because of populist schemes, warns RBI
Loan waivers, income support schemes are 'poor fiscal marksmanship', says RBI in meeting with Finance Commission.
 "States may cause fiscal slippage because of populist schemes, warns RBI")
Why the government must sell urban land
The time has come for the finance ministry and the RBI governor to sit down and work out a new way of 'additional resource mobilisation'
Govt manages to meet revised fiscal deficit target of 3.4% of GDP
Finance Secretary Subhash Chandra Garg said the government is close to meeting fiscal deficit target of 3.4% for 2018-19
Govt close to meeting fiscal deficit target of 3.4%: Economic Affairs Secy
The government at many occasions had indicated that there might be some shortfall on indirect taxes collection side during 2018-19 but not on direct tax front
 "Govt close to meeting fiscal deficit target of 3.4%: Economic Affairs Secy")
India's April-February fiscal deficit at 134% of FY target: Govt data
India's April-February fiscal deficit touched Rs 8.51 trillion ($123.07 billion), or 134.2 per cent of the budgeted target for the current fiscal year
To meet fiscal target, govt to compress spending by Rs 60,000 crore
This compression will include subsidy carry-overs of as much as Rs 35,000 crore, ministries returning unspent amounts of as much as Rs 20,000 crore combined, and capital expenditure (capex) cuts
 "To meet fiscal target, govt to compress spending by Rs 60,000 crore")
Govt will meet fiscal deficit target of 3.4 per cent in FY'19: S C Garg
As per the interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 per cent for the current fiscal year ending March 31
Fiscal deficit woes: Slight relief to govt from new GDP numbers
Economists are hopeful that the government will be able to rein in fiscal deficit at the revised targeted level
Fiscal deficit breaches full-year target by 21.5% in 10 months
Capital expenditure contracts 13% in April-January period
 "Fiscal deficit breaches full-year target by 21.5% in 10 months")
