Page 29 - Latest Updates on Fiscal Deficit
From GST shortfall to MSP hike, Jaitley's fiscal promise faces many hurdles
The combined central GST, state GST and integrated GST target that the government is aiming for is Rs 1 trillion per month
 "From GST shortfall to MSP hike, Jaitley's fiscal promise faces many hurdles")
India's fiscal deficit reaches at 86.5% of FY19 budget target in April-July
Total expenditure for April-July was nearly Rs 8.90 trillion
 "India's fiscal deficit reaches at 86.5% of FY19 budget target in April-July")
Govt admits rupee, crude prices will impact current account deficit
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
 "Govt admits rupee, crude prices will impact current account deficit")
CII plans to launch a new index to judge the quality of fiscal deficit
The index, expected to be readied over next few months, will be finalised after extensive consultation with economists
 "CII plans to launch a new index to judge the quality of fiscal deficit")
Fiscal deficit target to be met, minor slippage in CAD likely: Finmin
With regard to fiscal deficit, the FinMin official said the government is committed to meeting the target of 3.3%
 "Fiscal deficit target to be met, minor slippage in CAD likely: Finmin")
Fiscal deficit likely to be bigger than what Budget says: Kaushik Basu
He says if a full-scale tariff war breaks out, there will be a global economic slowdown and growth in the United States will be slower than in China
 "Fiscal deficit likely to be bigger than what Budget says: Kaushik Basu")
Fiscal deficit, core sector boost for Modi govt ahead of RBI policy review
The fiscal deficit was at 80.8 per cent of 2017-18 budgeted estimates in the April-June quarter of the last fiscal
 "Fiscal deficit, core sector boost for Modi govt ahead of RBI policy review")
April-June fiscal deficit of Rs 4.29 trillion at 68.75% of FY18-19 target
India expects to trim the deficit to 3.3% of GDP this fiscal year
Slide in states' fiscal position; capital outlay to grow slower, says RBI
Despite these signs, there is no correction - either in terms of fiscal discipline, access to cheaper sources of finance or in outlays for large and expensive social schemes
 "Slide in states' fiscal position; capital outlay to grow slower, says RBI")
Fiscal deficit hits 55% of full-year target on the back of higher capex
The fiscal deficit target for 2018-19 is Rs 6.24 trillion, or 3.3 per cent of the gross domestic product (GDP)
 "Fiscal deficit hits 55% of full-year target on the back of higher capex")
April-May fiscal deficit reaches 55.3% of budgeted target of FY19
India expects to trim the deficit to 3.3% of GDP in this financial year
 "April-May fiscal deficit reaches 55.3% of budgeted target of FY19")
No impact on fiscal deficit, will be kept at 3.3 % for FY 19: Official
The government had budgeted to cut fiscal deficit to 3.3 per cent of GDP in current fiscal, from 3.53 per cent of GDP in 2017-18
Govt will meet fiscal deficit target of 3.3% this year: Piyush Goyal
The government, in the Budget in February, had revised the fiscal deficit target for 2017-18 to 3.5 per cent from the earlier estimate of 3.2 per cent
 "Govt will meet fiscal deficit target of 3.3% this year: Piyush Goyal")
Modi govt may cut capex to stick to 3.3% fiscal deficit, says Moody's
Moody's had last year upped India's sovereign rating for the first time in over 13 years to 'Baa2' with a stable outlook
 "Modi govt may cut capex to stick to 3.3% fiscal deficit, says Moody's")
April's fiscal deficit up at 24.3% of BE on lower expenditure, high revenue
The government had budgeted to cut fiscal deficit to 3.3 per cent of GDP in current fiscal, from 3.53 per cent of GDP in 2017-18
Govt meets fiscal deficit target of 3.5% at Rs 5.92 trillion for 2017-18
For April, capital expenditure showed a jump in absolute and in relative terms
 "Govt meets fiscal deficit target of 3.5% at Rs 5.92 trillion for 2017-18")
Fiscal deficit at 3.5% of GDP in FY18 at Rs 5.9 trn, meets new estimates
Govt revised its fiscal deficit target in February to 3.5% of GDP from 3.2% of GDP for the 2017/18 fiscal year
Reclassification helps govt rein in fiscal deficit to 3.4% of GDP in FY18
The total non-tax revenue for 2017-18 was already revised downwards to Rs 2.36 trillion from Rs 2.9 trillion
FY18 fiscal deficit to be lower than revised estimates of 3.5%: S C Garg
India revised its fiscal deficit target to 3.5% of GDP from an earlier 3.2% of GDP for the 2017/18 fiscal year that ended on March 31
 "FY18 fiscal deficit to be lower than revised estimates of 3.5%: S C Garg")
Fiscal deficit will be within 3.5% of GDP, says Economic Affairs Secretary
Economic Affairs Secretary Subhash Chandra Garg said the CGA data was only till February-end and that the latest numbers available till March 28 "are very close to revised estimates"
 "Fiscal deficit will be within 3.5% of GDP, says Economic Affairs Secretary")
