Page 18 - Latest Updates on Fiscal Deficit
India's fiscal deficit for April-October at 36.3% of FY22 target
The windfall gains from oil revenues have contributed to the government's tax collection
 "India's fiscal deficit for April-October at 36.3% of FY22 target")
Top headlines: Q2 GDP grows at 8.4%; fiscal deficit at 36.3% of FY22 target
Business Standard brings you the top stories on Tuesday
 "Top headlines: Q2 GDP grows at 8.4%; fiscal deficit at 36.3% of FY22 target")
India's April-October fiscal deficit at 36.3% of full year target
In absolute terms, the fiscal deficit was Rs 5,47,026 crore at the end of October
 "India's April-October fiscal deficit at 36.3% of full year target")
FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch
Revenue Secretary Tarun Bajaj has said the government's tax collection kitty will surpass budget estimates this financial year on the back of good direct and indirect tax mop-up.
 "FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch")
Economists urge gradual consolidation, see fiscal deficit near 6% in FY23
They believe focus on reviving informal sector activity, particularly construction, is key to reviving GDP and jobs
 "Economists urge gradual consolidation, see fiscal deficit near 6% in FY23")
Andhra Pradesh revenue deficit soars 662% in first half of 2021-22
Andhra Pradesh's revenue deficit soared by an unprecedented 662.80 per cent while the fiscal deficit was up 107.79 per cent in the first half of the 2021-'22 financial year
 "Andhra Pradesh revenue deficit soars 662% in first half of 2021-22")
India to use revenue surge to fund welfare programmes, says report
Govt will not utilise a big bump in revenue collection to beat its fiscal deficit target or lower borrowing, say govt sources
 "India to use revenue surge to fund welfare programmes, says report")
Centre's fiscal deficit at 35% of budget estimates vs 115% a year ago
To be lower than budgeted 6.8%, say economists even when total expenditure is expected to exceed BE
 "Centre's fiscal deficit at 35% of budget estimates vs 115% a year ago")
Centre's fiscal deficit touches 35% of annual target at H1-end
For the current financial year, the government expects the deficit at 6.8 per cent of GDP or Rs 15,06,812 crore
 "Centre's fiscal deficit touches 35% of annual target at H1-end")
India's April-Sept fiscal deficit touches $70.4 billion: Govt data
Net tax receipts were 9.2 trillion rupees while total expenditure was 16.3 trillion rupees, the data showed
 "India's April-Sept fiscal deficit touches $70.4 billion: Govt data")
How inflation could rescue the govt's fiscal deficit act in FY22
Despite the spike, it may not push up govt's borrowing cost much due to various factors such as sale of BPCL and LIC, and lower expenditure levels this fiscal
 "How inflation could rescue the govt's fiscal deficit act in FY22")
Top Headlines: Deficit pegged at 6.8%; LIC listing reads Zomato IPO menu
Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot budget estimate. More on that story in top headlines.
 "Top Headlines: Deficit pegged at 6.8%; LIC listing reads Zomato IPO menu")
Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22
Tax revenues may not narrow deficit; food, fertiliser subsidies to overshoot BE
 "Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22")
India committed to bring economy on path of fiscal consolidation: FM
The Indian government remains committed to bring the economy on the path of fiscal consolidation in the near-to-medium term, setting the target to reduce fiscal deficit to 4.5 per cent by 2025-26
 "India committed to bring economy on path of fiscal consolidation: FM")
Does India have a case for the upgrade it seeks from rating agencies?
The economy is yet to reach pre-pandemic level on many fronts, fiscal deficit and debt-to-GDP ratio remain pain points; however, key reforms could work in the country's favour
 "Does India have a case for the upgrade it seeks from rating agencies?")
Govt's fiscal deficit at 31.1% of Budget Estimate till Aug, an 18-year low
This was despite a YoY spike in expenditure that month, after falling in the previous month
At Rs 4.68 trn, India's Apr-Aug fiscal deficit at 31.1% of FY22 target
Net tax receipts were 6.45 trillion rupees while total expenditure was 12.77 trillion rupees
 "At Rs 4.68 trn, India's Apr-Aug fiscal deficit at 31.1% of FY22 target")
Fiscal gains
Higher tax revenue will give more flexibility in pushing expenditure
 "Fiscal gains")
Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target
Non-tax revenues such as dividends from RBI and public sector banks yielded Rs 1.39 trillion
 "Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target")
India's April-July fiscal deficit reaches 21.3% of FY22 budget target
Net tax receipts were Rs 5.21 trillion while total expenditure was Rs 10.04 trillion
 "India's April-July fiscal deficit reaches 21.3% of FY22 budget target")
