Fiscal deficit

Fiscal deficit News

The deficit Problem

Centre increasingly takes recourse to non-market borrowings for public deficits. There is a cost to deficit-induced borrowings.

Fiscal deficit touches 114.8 per cent of full-year target at November-end

The government plans to reduce fiscal deficit to 3.3 per cent of Gross Domestic Product by March-end 2019. The fiscal deficit, or gap between expenditure and revenue, stood at Rs 7.16 lakh crore during April-November of the current financial year.


April-September fiscal deficit at 95% of full-year target

Net tax receipts (post refunds and devolution to states) grew just 7.5 per cent in H1FY19 against the year-ago period. A y-o-y growth of 19 per cent is required to raise the budgeted amount of Rs 14.8 lakh crore from taxes for the full year.

Fiscal Deficit: India could cut capex to meet target, says Moody’s

Moody’s had in November 2017 revised up India’s sovereign rating for the first time in around 14 years to Baa2 from the lowest investment-grade ranking of Baa3, with a stable outlook.

States’ fiscal position deteriorates in FY18 on widening revenue deficit: Care Ratings report

The fiscal position of states deteriorated in 2017-18 over 2016-17 as revenue deficit for most states widened whereas states with revenue surplus witnessed a decline in their surplus, according to a Care Ratings report.

April-February: Fiscal deficit at 120 per cent of revised estimate

While adherence to the fiscal deficit target will be known after the data for March comes in, analysts said the high absolute number till February will erase some of the recent gains recorded in the bond market.


Will achieve fiscal deficit target next year, says Arun Jaitley

The finance minister also expressed his optimism on credit growth in the economy and said that there are indications to show that it is picking up and “it seems to be a good sign.”

Budget 2018: Arun Jaitley's rural-focused Budget can't cheer up Dalal street

Budget 2018: The slippage in this year’s fiscal deficit target was despite the government has exceeded the disinvestment target for the current fiscal, with receipts of around Rs 1,00,000 crore against the targeted Rs 72,000 crore.

Govt elbow room shrinks: At 112% of estimate, fiscal deficit breaches year’s target

The fiscal deficit during the corresponding period in the previous year had stood at 85.8 per cent of the Budget estimate for 2016-17

Fiscal deficit crosses 96% of FY18 target at October-end

As per the data, the government's total expenditure was Rs 12.92 lakh crore at October-end, or 60.2 per cent of the budget estimate which was 58.2 per cent of the budget estimate a year ago.