June 21, 2021 11:12 pm
The Centre, in an affidavit in the Supreme Court, has said paying ex-gratia compensation is beyond the fiscal affordability and the finances of the central and the state governments as they are under severe strain.
May 31, 2021 4:59 pm
For this financial year, the government had initially pegged the fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the budget presented in February 2020.
April 30, 2021 9:37 am
Given that a timely deficit may not have adverse macroeconomic consequences, surviving this pandemic first by enhancing the required spending is crucial
May 12, 2020 2:02 am
The Centre last Friday said its total market borrowing requirements will rise by a whopping 53 per cent to Rs 12 lakh crore in the current fiscal, as falling revenues and rising expenses are expected to result in a sharp deterioration in the government’s finances.
May 09, 2020 1:40 am
The fiscal deficit is set to shoot up sharply, indicating that the government has limited space to push through a massive fiscal stimulus to protect the economy from adverse effects of COVID-19.
February 28, 2020 6:51 pm
In actual terms, the fiscal deficit or gap between the expenditure and revenue stood at Rs 9,85,472 crore. The government had targeted to restrict the fiscal deficit at Rs 7,66,846 crore during the year ending March 31, 2020.
February 14, 2020 4:53 am
State governments have been on the path of fiscal consolidation and their combined fiscal deficit remained below the targets in FY19.
January 31, 2020 3:55 pm
By completely ignoring Revenue Deficit, and only focusing on containing Fiscal Deficit, the government has ensured that the FRBM Act now hurts growth – which is exactly opposite of what fiscal consolidation was supposed to do.
February 01, 2020 10:39 am
Advancing the Union Budget by a month has not helped fiscal marksmanship
January 21, 2020 9:59 am
The primary purpose of the budget is to lay out a receipt-expenditure statement and thereby the fiscal deficit estimates. This year is, perhaps, different as the slowdown has derailed the fiscal arithmetic.