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fiscal deficit News
Budget 2019 expectation: Fiscal deficit may see upward revision in Budget from 3.4% to beat slowdown
Sun, May 26, 2019
The N.K. Singh panel to review the FRBM Act recommended that the government should target a fiscal deficit of 3 per cent of the GDP in years up to March 31, 2020 cut it to 2.8 per cent in 2020-21 and to 2.5 per cent by 2023.
Lok Sabha Elections Results 2019: Fiscal policy of Modi 2.0 and the road ahead - What to expect
Thu, May 23, 2019
Fiscal deficit crosses 134 per cent of budget estimate at February-end
Fri, Mar 29, 2019
In absolute term, fiscal deficit for April-February 2018-19 was Rs 8.51 lakh crore as against the revised estimate (RE) of Rs 6.34 lakh crore for the entire year.
Fiscal deficit crosses 134 pc of budget estimate at Feb-end
Fri, Mar 29, 2019
However, Economic Affairs Secretary S C Garg told reporters that the government is committed to restrict the fiscal deficit at 3.4 per cent of the Gross Domestic Product (GDP) as envisaged in the Budget.
Fiscal deficit under revised target due to cut in non-essential expenditure
Mon, Mar 25, 2019
As the 2019 fiscal nears its end, the Finance Ministry's fiscal managers say the revised deficit target of 3.4 per cent is under control even as the government is braving to bear shortfalls in both direct and indirect taxes by lowering ' non essential ' expenditures.
Small savings, March taxes to keep fiscal deficit in control
Fri, Mar 01, 2019
"We have lots of flows in small savings banks; and the flow is really robust and high," Economic Affairs Secretary Subhash Chandra Garg said here on the sidelines of a Securities and Exchange Board of India (SEBI) meeting.
Revised GDP to check fiscal deficit to 3.1% in FY20: Chief Economic Adviser Krishnamurthy Subramanian
Wed, Feb 06, 2019
"Given the kind of headwinds that we are facing, especially on globalisation front, it`s very critical for us to build robust buying power in the domestic economy.
April-December fiscal deficit in India crosses 112% of target
Tue, Feb 05, 2019
The data furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during the corresponding nine months of the previous fiscal was 13.6 per cent.
Moody's doubts Modi's 3.4 percent fiscal deficit in FY 2019-20
Sun, Feb 03, 2019
"While the government's growth assumptions appear reasonable, we think the government will continue to face challenges in meeting its fiscal targets, primarily due to structural increases in spending and difficulties in raising revenue further," Fang told PTI in an interview.
Budget 2019: Deficit for current fiscal pegged higher at 3.4%
Fri, Feb 01, 2019
The announcement was made by acting Finance Minister Piyush Goyal while presenting the Interim Budget for 2019-20 with the general elections due to take place within months.
Budget 2019: 6 key things that will decide fate of India's finances in FY19-20
Fri, Feb 01, 2019
Budget 2019: Interim Finance Minister Piyush Goyal will announce interim Union Budget 2019 on the morning of February 01.
Fiscal deficit target: Good news for India coming?
Thu, Jan 31, 2019
As the government may be carrying forward a minimal cash balance into FY20, there could be minimum buybacks in next fiscal, a report by SBI Research said.
Budget In A Minute: Anil Singhvi explains what is 'Fiscal Deficit'
Mon, Jan 28, 2019
In this special segment of Zee Business, Anil Singhvi talks about 'Fiscal Deficit'. Watch the video to know more.
Big worry for India, Centre set to miss fiscal deficit target by a full 40 bps, says report
Fri, Jan 25, 2019
As of November, it has used up 115 percent of its budgeted market borrowings amidst slowing GST collections and a poor show on the divestment side. Against the Rs 80,000 crore budgeted target, it has achieved only around Rs 15,000 crore so far.
Budget 2019: What is GST, Fiscal Deficit, Primary Deficit to Revenue Deficit and more, all you want to know in brief
Mon, Jan 21, 2019
As ceremonial beginning of printing of Union Budget 2019 commenced today with Halwa Ceremony in North Block, where both the MoS (Finance) jointly launched the ceremony and shared the sweet dish with the Ministry officials.
Government may miss divestment target by Rs 20K cr: Report
Fri, Jan 18, 2019
Fiscal deficit will come at 3.5 percent as against the targeted 3.3 percent on the shortfall in disinvestment mop-up and also the dip in the GST collections, domestic rating agency Care Ratings said Friday.
Meeting Fiscal deficit target for FY 2018-19 will be challenge for govt: Experts
Mon, Jan 14, 2019
Fiscal deficit: Some of the experts have already projected that the fiscal deficit could rise to 3.5 per cent of the GDP, more than the budget estimate of 3.3 per cent of the GDP for the current fiscal. The government's fiscal deficit touched 114.8 per cent of the full-year estimates at the end of November.
Budget 2019: Fiscal deficit to play spoilsport, what will be Arun Jaitley's next step?
Wed, Jan 09, 2019
Well, looks like, the Union Budget 2019 will not be much different this time as many are expecting the Finance Ministry to once again raise the target for this indicator.
Fitch ups India's growth forecast to 7.8%; flags rising oil bill as concern
Sat, Sep 22, 2018
"We have revised up our forecast for FY2018-2019 growth to 7.8 per cent from 7.4 per cent on the back of the better-than-expected 2Q18 outturn. India's growth likely peaked in 2Q18 (April-June) though," Fitch said. Growth forecast for 2019-20 and 2020-21 fiscals, however, have been cut by 0.2 percentage points to 7.3 per cent.
Narendra Modi government sticks to fiscal deficit target; silent on fuel tax cuts - Details here
Sun, Sep 16, 2018
After the meeting, Jaitley exuded confidence of surpassing the 7-7.5 per cent GDP growth target projected in the last Budget presented on February 1, meeting capital expenditure targets, surpassing tax collections projections and exceeding the record Rs 1 lakh crore target of revenue mobilisation from government stake sale in PSUs.