Page 9 - Latest Updates on Fiscal Deficit
Fiscal activism
Govt should tread carefully on this path
 "Fiscal activism")
At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget
Since the collections were till 6 pm on January 31, some more money is expected to come into the government coffers for the month
 "At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget")
A call to print more money: Economic Survey sees a 'V-shaped recovery'
Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey
 "A call to print more money: Economic Survey sees a 'V-shaped recovery'")
India's fiscal deficit soars to Rs 11.6 trillion at December end
According to the data released by the Controller General of Accounts (CGA), the fiscal deficit at the end of December in the previous fiscal year was 132.4 per cent of the BE of 2019-20
 "India's fiscal deficit soars to Rs 11.6 trillion at December end")
Economic Survey 2020-21 prioritises growth over fiscal consolidation
India's recovery can be faster than many other economies if the budgetary allocations are appropriately prioritized, writes D K Srivastava.
 "Economic Survey 2020-21 prioritises growth over fiscal consolidation")
Budget should eye growth; fiscal deficit may fall to 6.2% in FY22: Report
The forthcoming Union Budget should focus more on putting the economy back on track, according to a report
 "Budget should eye growth; fiscal deficit may fall to 6.2% in FY22: Report")
Five things the market will be watching in FM Sitharaman's third Budget
It has reacted negatively to her previous two budgets. This time too, it has come off over 5 per cent from the highs
 "Five things the market will be watching in FM Sitharaman's third Budget")
IMF revises India growth forecast, sees GDP shrinking at sharper 8% in FY21
Expects economy to grow 11.5% next year, which could slightly correct govt's fiscal mathematics
 "IMF revises India growth forecast, sees GDP shrinking at sharper 8% in FY21")
An impossible combination of things that India's Budgets attempt
Successive Indian governments have tried to do what they can't: target economic growth and equitable distribution simultaneously
Budget 2021 may show Centre's fiscal deficit at 5.5% of GDP for FY22
The significant shortfall in receipts is likely to lead to the doubling of fiscal deficit to an estimated 6.9 per cent of GDP in FY21
 "Budget 2021 may show Centre's fiscal deficit at 5.5% of GDP for FY22")
Best of BS Opinion: Feasible fiscal path, inadequate cover, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Feasible fiscal path, inadequate cover, and more")
Feasible fiscal path
Quality of expenditure shouldn't be compromised
 "Feasible fiscal path")
Fiscal deficit of states to hit peak of Rs 8.7 trn as tax collections slide
The Covid pandemic-induced lockdown and consequent slump in economic activity will hit tax collections of states, Crisil said
 "Fiscal deficit of states to hit peak of Rs 8.7 trn as tax collections slide")
Banking on Budget: The five areas of focus for FM Nirmala Sitharaman
Given the series of policy announcements made by Finance Minister Nirmala Sitharaman in the last 9 months it is reasonable not to expect more this time
 "Banking on Budget: The five areas of focus for FM Nirmala Sitharaman")
What FM Sitharaman may and may not do in her promised 'never-before' Budget
Wish lists are routine as the govt prepares its annual Budget. But its finances are stretched and the pandemic isn't over. Akash Podishetty lists what the FM could announce in the Budget on Feb 1
 "What FM Sitharaman may and may not do in her promised 'never-before' Budget")
No high inflation or fiscal crisis in the US but …
Monetary base issued by the Fed had jumped from less than $1 trn before the GFC to more than $3 trn by early 2020 and then to about $5 trn by end of the year. But inflation has hardly gone up. Why?
Budget 2021: Govt likely to target fiscal deficit at 4% of GDP by FY26
Centre to deviate from long-standing medium-term target of 2.5-3% of GDP
 "Budget 2021: Govt likely to target fiscal deficit at 4% of GDP by FY26")
Ease fiscal deficit, look at higher spend for future: Assocham President
Infra spending has thrice the desired impact, govt's Rs 111 trn National Infrastructure Pipeline should be speeded up, says Vineet Aggarwal
 "Ease fiscal deficit, look at higher spend for future: Assocham President")
Financing the vaccine
Any cess or surcharge should be one-time
 "Financing the vaccine")
FY21 fiscal deficit seen at 7.4% of GDP: State Bank of India report
This comes amid enhanced government expenditure amid the pandemic, said the SBI report
 "FY21 fiscal deficit seen at 7.4% of GDP: State Bank of India report")
