Page 4 - Latest Updates on Fiscal Deficit
Centre's fiscal deficit touches 35% of annual target at H1-end
For the current financial year, the government expects the deficit at 6.8 per cent of GDP or Rs 15,06,812 crore
 "Centre's fiscal deficit touches 35% of annual target at H1-end")
India's April-Sept fiscal deficit touches $70.4 billion: Govt data
Net tax receipts were 9.2 trillion rupees while total expenditure was 16.3 trillion rupees, the data showed
 "India's April-Sept fiscal deficit touches $70.4 billion: Govt data")
How inflation could rescue the govt's fiscal deficit act in FY22
Despite the spike, it may not push up govt's borrowing cost much due to various factors such as sale of BPCL and LIC, and lower expenditure levels this fiscal
 "How inflation could rescue the govt's fiscal deficit act in FY22")
Top Headlines: Deficit pegged at 6.8%; LIC listing reads Zomato IPO menu
Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot budget estimate. More on that story in top headlines.
 "Top Headlines: Deficit pegged at 6.8%; LIC listing reads Zomato IPO menu")
Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22
Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot BE
 "Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22")
India committed to bring economy on path of fiscal consolidation: FM
The Indian government remains committed to bring the economy on the path of fiscal consolidation in the near-to-medium term, setting the target to reduce fiscal deficit to 4.5 per cent by 2025-26
 "India committed to bring economy on path of fiscal consolidation: FM")
Does India have a case for the upgrade it seeks from rating agencies?
The economy is yet to reach pre-pandemic level on many fronts, fiscal deficit and debt-to-GDP ratio remain pain points; however, key reforms could work in the country's favour
 "Does India have a case for the upgrade it seeks from rating agencies?")
Govt's fiscal deficit at 31.1% of Budget Estimate till Aug, an 18-year low
This was despite a YoY spike in expenditure that month, after falling in the previous month
 "Govt's fiscal deficit at 31.1% of Budget Estimate till Aug, an 18-year low")
At Rs 4.68 trn, India's Apr-Aug fiscal deficit at 31.1% of FY22 target
Net tax receipts were 6.45 trillion rupees while total expenditure was 12.77 trillion rupees
 "At Rs 4.68 trn, India's Apr-Aug fiscal deficit at 31.1% of FY22 target")
Fiscal gains
Higher tax revenue will give more flexibility in pushing expenditure
 "Fiscal gains")
Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target
Non-tax revenues such as dividends from RBI and public sector banks yielded Rs 1.39 trillion
 "Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target")
India's April-July fiscal deficit reaches 21.3% of FY22 budget target
Net tax receipts were Rs 5.21 trillion while total expenditure was Rs 10.04 trillion
 "India's April-July fiscal deficit reaches 21.3% of FY22 budget target")
How the ounce-of-gold promise US broke is playing out 50 years on
The 1980s then saw the growth of what is called financialisation where firms make money by trading in money rather than goods and services
 "How the ounce-of-gold promise US broke is playing out 50 years on")
Tamil Nadu budget: Fiscal deficit seen at 4.3% of GSDP; tax on petrol cut
State allocates Rs 32,560 cr for education; lines up medium term fiscal plan to tide over rising debt
 "Tamil Nadu budget: Fiscal deficit seen at 4.3% of GSDP; tax on petrol cut")
20 states carrying forward Rs 2.6 trn of debt-money into FY22: Report
Most states are likely to be in better fiscal health this financial year as 20 of them are collectively carrying forward Rs 2.6 lakh crore borrowed in FY21 to this fiscal, says a report.
 "20 states carrying forward Rs 2.6 trn of debt-money into FY22: Report")
IMF says Covid-19 spending pushes current account imbalances higher
The IMF's annual External Sector Report showed that the combined current account deficits and surpluses widened to 3.2% of global economic output in 2020 from 2.8% in 2019
 "IMF says Covid-19 spending pushes current account imbalances higher")
Securing India's fiscal health
Govt should prepare for medium-term challenges
 "Securing India's fiscal health")
Tax buoyancy curtails Centre's fiscal deficit to an eight-year low
Centre's spending showed volatile trend during April-June period
 "Tax buoyancy curtails Centre's fiscal deficit to an eight-year low")
April-June fiscal deficit at Rs 2.74 trn, 18.2% of FY22 Budget Estimates
Net tax receipts in the first three months to end-June rose to Rs 4.12 trn, from Rs 1.35 trn during the same period in the previous fiscal year
Time to be brave, stretch fiscal deficit targets to aid growth: Kamath
Veteran banker K V Kamath on Friday said it is "time to be brave" for the government, and it should stretch the fiscal deficit target set in the budget if need be, to push growth.
 "Time to be brave, stretch fiscal deficit targets to aid growth: Kamath")
