Page 11 - Latest Updates on Fiscal Deficit
Three points for the Budget
Of the many things to watch in the Budget, three things-growth, fiscal deficit and stance on trade-will receive special attention from analysts. Getting the tone right will be crucial
Fiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: Report
The fiscal deficit is expected to remain much larger than the 4-4.5 per cent of the GDP that was usual for decades
 "Fiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: Report")
Best of BS Opinion: Deficient regulation, structural strength, and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Deficient regulation, structural strength, and more")
Building resilience for the long game
The Budget should focus on keeping the domestic house in order. If it manages to do so, then India could attract large capital inflows once the global shocks fade
Budget must focus on lowering fiscal deficit: EY India's Rajiv Memani
In an interview with Ruchika Chitravanshi, Rajiv Memani, Chairman and Managing Partner of EY India, said that there is a strong enabling environment for private sector investment
 "Budget must focus on lowering fiscal deficit: EY India's Rajiv Memani")
Prioritising stability over growth
The backdrop of the Budget augurs well for the government, but a closer look calls for a cautious approach
 "Prioritising stability over growth")
The bicycle theory of the 2023 Budget
Lowering the fiscal deficit to sustainable levels will be the biggest challenge for the government, but there are enough reasons for it to keep pedalling hard
 "The bicycle theory of the 2023 Budget")
Fiscal consolidation expected on the back of lower subsidy payments
The Central government's fiscal deficit is expected to narrow to 5.9 per cent of GDP in F2024 from 6.4 per cent in F2023, Morgan Stanley said in a report
 "Fiscal consolidation expected on the back of lower subsidy payments")
Analysts expect FM Sitharaman to trim FY24 fiscal deficit to 6% or lower
Finance Minister Nirmala Sitharaman will keep on the path of fiscal consolidation and opt for narrowing the FY24 fiscal deficit to as low as 5.8 per cent in the upcoming Budget, analysts said Tuesday
 "Analysts expect FM Sitharaman to trim FY24 fiscal deficit to 6% or lower")
SBI estimates India's FY23 fiscal deficit at Rs 17.5 trn, FY24 Rs 17.95 trn
Upcoming budget 2023 will be challenging for government to follow the roadmap for fiscal consolidation amidst a global environment of declining inflation, said top economist of State Bank of India
 "SBI estimates India's FY23 fiscal deficit at Rs 17.5 trn, FY24 Rs 17.95 trn")
Central govt's borrowings may touch Rs 14.8 trillion in FY24: Icra report
Nevertheless, as a proportion of GDP, fiscal deficit is expected to ease to 5.8 per cent from 6.4 per cent
 "Central govt's borrowings may touch Rs 14.8 trillion in FY24: Icra report")
Best of BS Opinion: Conservative budgeting, financialising economy & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Conservative budgeting, financialising economy & more")
Conservative budgeting
Fiscal space should be used carefully
 "Conservative budgeting")
Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs
The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years
 "Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs")
Govt likely to consolidate fiscal deficit to 5.9% of GDP in FY24: Goldman
The government aims to shrink the gap to below 4.5% of GDP by 2025-26
Higher nominal GDP likely to help govt meet fiscal deficit target
The leeway to the government was given by the first Advance Estimates, which pegged GDP at current prices at Rs 273 trillion for 2022-23 as against Rs 258 trillion assumed by the FY23 Budget
 "Higher nominal GDP likely to help govt meet fiscal deficit target")
How sustained 6.5% growth for the rest of the decade can be realistic
Growth beyond 6% can happen, but there are constraints on both fiscal and monetary policy, which must focus on reducing the current account deficit, the fiscal deficit and inflation, writes T N Ninan
Centre's fiscal deficit for April-November period at 58.9% of FY23 target
In fact, in November the fiscal deficit widened by Rs 2.2 trillion, the highest ever in any month this financial year
 "Centre's fiscal deficit for April-November period at 58.9% of FY23 target")
Fiscal deficit touches 59% of full-year target in November at Rs 9.78 trn
The government's fiscal deficit at the end of November touched 59 per cent of the full year budget estimate, according to data released by the Controller General of Accounts (CGA)
 "Fiscal deficit touches 59% of full-year target in November at Rs 9.78 trn")
Lessons in budgeting: Changing Budget tack amid changing realities
From an adventurous start in 2019 to modest revenue projections last year, there has been a marked change in Ms Sitharaman's approach. T N Ninan looks at what can be expected in Budget 2023
