 "What is Fiscal Deficit")
Fiscal Deficit
What is Fiscal Deficit
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Latest Updates on Fiscal Deficit
State govt fiscal situation improves; sops may crowd out resources
Market borrowing surged 32.8% in FY24, RBI report says
 "State govt fiscal situation improves; sops may crowd out resources")
Govt likely to target FY26 fiscal deficit at 4.4% of GDP to support growth
Looks to ensure enough financial headroom amid global headwinds
 "Govt likely to target FY26 fiscal deficit at 4.4% of GDP to support growth")
CII urges govt to stick to fiscal deficit target of 4.9% of GDP for 2024-25
CII also highlighted the announcement in the Union Budget 2024-25 to keep the fiscal deficit at levels that help reduce the debt-to-GDP ratio
 "CII urges govt to stick to fiscal deficit target of 4.9% of GDP for 2024-25")
Fiscal deficit at 46.5% of full-year target at Oct-end, shows govt data
In absolute terms, the fiscal deficit -- the gap between government's expenditure and revenue -- was at Rs 7,50,824 crore during April-October period
 "Fiscal deficit at 46.5% of full-year target at Oct-end, shows govt data")
Fiscal deficit likely to be at 4.75% in FY25; capex at Rs 62K cr: IndRa
The revenue expenditure, excluding subsidies, will be 0.12 per cent of GDP, lower than the budget estimate
 "Fiscal deficit likely to be at 4.75% in FY25; capex at Rs 62K cr: IndRa")
Trade gap, FPI outflows push banking liquidity into deficit after 2 months
The liquidity in the banking system stood at a deficit of Rs 6,956 crore on Monday, according to the latest data from the Reserve Bank of India
 "Trade gap, FPI outflows push banking liquidity into deficit after 2 months")
Impacting growth, liquidity management: Shifting sands of fiscal policy
There is a very high chance that the actual fiscal deficit target will undershoot even 4.9 per cent of GDP as there was a decline in government expenditure during the general elections
 "Impacting growth, liquidity management: Shifting sands of fiscal policy")
No commitment to lowering fiscal deficit, says Montek Singh Ahluwalia
Ahluwalia said if household net savings continue to decrease and fiscal deficit reduction is neglected, it could lead to significant problems, including crowding out of private investments
 "No commitment to lowering fiscal deficit, says Montek Singh Ahluwalia")
Andhra Pradesh govt presents Rs 2.9 trn budget; see all major allocations
The estimated revenue deficit stands at Rs 34,743 crore (2.12 per cent of the GSDP), while the fiscal deficit is estimated at Rs 68,743 crore (4.19 per cent of the GSDP)
 "Andhra Pradesh govt presents Rs 2.9 trn budget; see all major allocations")
Fiscal burden of subsidies triggers political debate, rethink on freebies
Political parties routinely make pre-poll promises of subsidies and freebies, but the fiscal burden of such guarantees weighs heavily on state budgets once in power
Centre's fiscal deficit at 29% of FY25 target; capex challenges loom
Rising tax revenues and RBI dividend boost receipts
 "Centre's fiscal deficit at 29% of FY25 target; capex challenges loom")
Rising deficit and debt puts Indian states under fiscal strain: NSE Report
Fiscal consolidation measures such as managing contingent liabilities, improving fiscal transparency, and enhancing the fiscal credibility of SDLs needed to address states' financial challenges
 "Rising deficit and debt puts Indian states under fiscal strain: NSE Report")
Pre-poll welfare schemes may not hit Maharashtra govt's fiscal health: ICRA
Borrowings remain within prudent norms
 "Pre-poll welfare schemes may not hit Maharashtra govt's fiscal health: ICRA")
States cut spending by 6%: Is public capex at risk of major slowdown?
Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year
 "States cut spending by 6%: Is public capex at risk of major slowdown?")
Fiscal deficit in April-August at 27% of full-year target: Govt data
The fiscal deficit-the gap between expenditure and revenue-was 36 per cent of the budget estimates for the corresponding period last year
 "Fiscal deficit in April-August at 27% of full-year target: Govt data")
India's fiscal deficit for Apr-Aug at Rs 4.35 trn, 27% of full-year target
Net tax receipts for the period were 8.74 trillion rupees, or 34% of the annual target, compared with 8.04 trillion rupees for the same period last year, according to the data
 "India's fiscal deficit for Apr-Aug at Rs 4.35 trn, 27% of full-year target")
Centre's H2 borrowing likely to stay in line with budgeted amount
May borrow around Rs 6.3 trillion during the period
 "Centre's H2 borrowing likely to stay in line with budgeted amount")
RBI to infuse Rs 25K cr via VRR as liquidity turns deficit after two months
Market participants said the banking regulator may conduct more VRR auctions to infuse liquidity if the weighted average overnight money market rates do not align with the repo rate
 "RBI to infuse Rs 25K cr via VRR as liquidity turns deficit after two months")
UPS: Understanding the fiscal implications of govt's new pension scheme
The UPS is seen to be different from OPS since it is funded every year and the burden does not fall on future governments.
 "UPS: Understanding the fiscal implications of govt's new pension scheme")
Fiscal deficit to jobs: Economic issues new J&K govt has to tackle
The region is expected to clock a growth of 7% in FY25 but it's dependent on Central government grants
 "Fiscal deficit to jobs: Economic issues new J&K govt has to tackle")
