Page 7 - Latest Updates on Fiscal Deficit
Govt spending must pursue evidence-based policy for best outcomes
It's important to see the quality of spending and missing gaps in resource provision
 "Govt spending must pursue evidence-based policy for best outcomes")
Budget 2024 highlights: All eyes on last Budget before Lok Sabha elections
A resolution praising Prime Minister Narendra Modi for the consecration of Ram temple in Ayodhya will be introduced during the budget session of the Gujarat assembly beginning February 1
 "Budget 2024 highlights: All eyes on last Budget before Lok Sabha elections")
Expect no drama in the Budget
But over the medium term, India's fiscal health needs attention
 "Expect no drama in the Budget")
Budget Highlights: Space industry seeks PLI scheme, liberal FDI policy
LIVE updates: The central government focus is likely to be on controlling inflation and adjusting the fiscal deficit ahead of the Lok Sabha polls. Catch all the budget-related live updates here
Budget 2024 LIVE updates: Govt raises import duty on gold, silver jewellery
Union budget 2024: Govt will table the interim budget where focus will likely be on controlling fiscal deficit and supporting agri ahead of the elections. Catch all the budget-related live updates
 "Budget 2024 LIVE updates: Govt raises import duty on gold, silver jewellery")
Interim Budget to reduce fiscal deficit, focus on capex, suggests poll
The government is aiming to narrow the fiscal deficit to 4.50 per cent of GDP by the end of the 2025-26 fiscal year (FY) from 5.90 per cent in the current year to end-March 2024
 "Interim Budget to reduce fiscal deficit, focus on capex, suggests poll")
Interim Budget 2024-25: Govt may target 5.3% fiscal deficit for FY25
Most economists see govt meeting FY24 target despite risks from weaker than budgeted nominal GDP growth and disinvestment shortfall
 "Interim Budget 2024-25: Govt may target 5.3% fiscal deficit for FY25")
Budget 2024 expectations: What stance will interim Budget 2024 adopt?
Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget
 "Budget 2024 expectations: What stance will interim Budget 2024 adopt?")
Fiscal deficit at 5.2-5.4% in interim Budget 2024-25: Goldman Sachs
While income taxes and corporate taxes are expected to grow at around 15 per cent in FY25, the government is likely to lower its target for disinvestment in the next fiscal year
 "Fiscal deficit at 5.2-5.4% in interim Budget 2024-25: Goldman Sachs")
Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs
Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs
 "Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs")
Govt plans to raise capital spending as much as 20% in FY25: Report
The government is trying to raise capital spending on building infrastructure to as much as Rs 12 trillion ($144.59 billion) from the current year's plan of Rs 10 trillion
 "Govt plans to raise capital spending as much as 20% in FY25: Report")
Interim Budget 2024-25 likely to set nominal GDP growth at 10-10.5%
Govt may finalise FY25 Interim Budget assumption this week
 "Interim Budget 2024-25 likely to set nominal GDP growth at 10-10.5%")
Ind-Ra ups FY24 GDP growth estimate to 6.7%, warns of fiscal challenges
On inflation, the Ind-Ra report said it expects retail inflation to cool off to 5.1 per cent and 4.7 per cent, respectively, in the third and fourth quarter of this fiscal, respectively
 "Ind-Ra ups FY24 GDP growth estimate to 6.7%, warns of fiscal challenges")
Union Budget 2024: 10 terms to boost the know-how of key financial exercise
The Union Budget, laid out on February 1 annually, is the financial roadmap that shapes the country's economy. Here are 10 key Budget terms for better insights into the key financial exercise
 "Union Budget 2024: 10 terms to boost the know-how of key financial exercise")
States' indicative borrowing for fourth quarter higher than forecast
The government transferred the amount to states as tax devolution for financing various social welfare measures and infrastructure development schemes
 "States' indicative borrowing for fourth quarter higher than forecast")
Fiscal deficit contained at 50.7% of FY24 budget estimate in Apr-Nov
The Government, CGA data indicates, is moving towards fiscal consolidation, with improved tax collections compared to the April-October period and compressed capital expenditure
Fiscal deficit for Apr-Nov narrows to 50.7% at Rs 9.07 trillion: Govt
Earlier this month, finance minister for state Bhagwat Karad said that the Centre was confident of meeting the fiscal deficit target of 5.9% in FY24
 "Fiscal deficit for Apr-Nov narrows to 50.7% at Rs 9.07 trillion: Govt")
Centre expected to maintain fiscal discipline in Interim Budget 2024
Interim budget likely to prioritise fiscal consolidation over populist spending, anticipating fiscal deficit at 4.5% of GDP by FY26
 "Centre expected to maintain fiscal discipline in Interim Budget 2024")
High indebted Punjab, Himachal may breach BE of fiscal deficit in FY24
Punjab had over 40% debt as a proportion of GSDP in 2019-20 too, while Himachal Pradesh had 39.1%
HP fiscal deficit may rise to be 5.82 pc of SGDP due to higher liabilities
The government has assured to bring down the deficit by curtailing expenditure and resource mobilisation
