Page 13 - Latest Updates on Fiscal Deficit
Centre's fiscal deficit in H1 touches 37.3% of full-year target
The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23
 "Centre's fiscal deficit in H1 touches 37.3% of full-year target")
April-Sept fiscal deficit at 37% of FY23 target, net tax receipts Rs 10 trn
Net tax receipts rose to Rs 10.12 trillion while total expenditure was Rs 18.24 trillion, the data showed
 "April-Sept fiscal deficit at 37% of FY23 target, net tax receipts Rs 10 trn")
India macro indicators may return to FY20 levels by FY27, says IMF
Although China's debt to GDP ratio is projected to remain at 76.9 in 2022, it is projected to overtake India's ratio in 2024 at 89.8 and continue to increase further to 102.8 in 2027
 "India macro indicators may return to FY20 levels by FY27, says IMF")
Germany cuts fiscal deficit in overall budget as Covid measures expire
Germany cut its fiscal deficit in the overall public budget to 32.9 billion euros in the first half of this year, the Federal Statistical Office (Destatis) said
 "Germany cuts fiscal deficit in overall budget as Covid measures expire")
Taxes to come to govt's aid, achieve 6.4% fiscal deficit goal for FY23
Centre has already collected half the targeted revenue in the first six months of the current financial year even as customs and excise duty collection figures are yet to come in
 "Taxes to come to govt's aid, achieve 6.4% fiscal deficit goal for FY23")
World Bank slashes India's economic growth forecast to 6.5% for FY23
Cites Ukraine war, global policy tightening
 "World Bank slashes India's economic growth forecast to 6.5% for FY23")
Finance ministry confident of keeping FY23 fiscal deficit in check
Robust tax mop-up, savings through SNA dashboard bode well for balance sheet, say officials
 "Finance ministry confident of keeping FY23 fiscal deficit in check")
India's April-August fiscal deficit recorded at 32.6% of FY23 target
Sabnavis said the progress till August shows that the government's accounts are on course compared with last year
 "India's April-August fiscal deficit recorded at 32.6% of FY23 target")
Fiscal deficit touches 32.6% of annual target till August this fiscal
As per the data released by the Controller General of Accounts (CGA), the government's total receipts, including taxes, stood at Rs 8.48 trn or 37.2 per cent of the Budget Estimates (BE)
 "Fiscal deficit touches 32.6% of annual target till August this fiscal")
S&P affirms Kerala's 'BB-/B' rating, gives outlook stable to state
Deficits resulting from spending on socio-economic programmes constrain ratings for the state: Agency
 "S&P affirms Kerala's 'BB-/B' rating, gives outlook stable to state")
Depreciating rupee not likely to cause fiscal slippage, say experts
Petroleum, fertiliser imports to become expensive, subsidy bill set to rise
 "Depreciating rupee not likely to cause fiscal slippage, say experts")
Strong dollar vs foreign inflows: Rupee in fine balance ahead of Fed meet
Analysts expect rupee to trade in the range of 78-80 per dollar, for now
 "Strong dollar vs foreign inflows: Rupee in fine balance ahead of Fed meet")
Best of BS Opinion: Policy balance, slowdown in global demand, and more
Here is the best of Business Standard's opinion pieces for Thursday
 "Best of BS Opinion: Policy balance, slowdown in global demand, and more")
Policy balance
Higher trade and fiscal deficits can create risks
 "Policy balance")
Domestic airline industry may report up to Rs 17k-cr loss in FY23: Report
Domestic airlines industry is expected to report a net loss of around Rs 15,000-17,000 crore this fiscal on account of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee, a report said
 "Domestic airline industry may report up to Rs 17k-cr loss in FY23: Report")
Centre's fiscal deficit at 5.2% of GDP in Q1; experts say it may widen
Expect capex to pick up in the second half of the year and inch closer to 6.4% Budget estimate for full year
 "Centre's fiscal deficit at 5.2% of GDP in Q1; experts say it may widen")
India's April-July fiscal deficit recorded at 20.5% of FY23 target
The centre spent Rs 1.1 trillion or 35% of the full year's estimate for food, fertiliser and petroleum subsidies
 "India's April-July fiscal deficit recorded at 20.5% of FY23 target")
Top headlines: Q1 GDP grows 13.5%; fiscal deficit at 20.5% of FY23 target
India's economy achieved its fastest annual expansion in a year in the April-June quarter, according to NSO data
 "Top headlines: Q1 GDP grows 13.5%; fiscal deficit at 20.5% of FY23 target")
India's April-July fiscal deficit at Rs 3.41 trn, 20.5% of FY23 target
Net tax receipts stood at Rs 6.66 trn while total expenditure was Rs 11.26 trn, shows govt data
 "India's April-July fiscal deficit at Rs 3.41 trn, 20.5% of FY23 target")
Lanka aims to lower fiscal deficit to 6.8% in budget 2023: Senior minister
Sri Lanka is planning to cut the budget deficit to 6.8 per cent of gross domestic product in 2023 from an expected 9.9 per cent in 2022
 "Lanka aims to lower fiscal deficit to 6.8% in budget 2023: Senior minister")
