Page 26 - Latest Updates on Fiscal Deficit
IMF's debt recast programme should help nations overcome fiscal stress: FM
The initiative came into effect in April was initially agreed till end of 2020
 "IMF's debt recast programme should help nations overcome fiscal stress: FM")
Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report
The new schemes which will put an additional burden of Rs 40,000 crore on the government form 0.21 per cent of the GDP
 "Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report")
Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan
The combined fiscal deficit of states and centre during the current year may go up to 14 per cent against the mandated level of six per cent, former Reserve Bank Governor C Rangarajan said
 "Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan")
Best of BS Opinion: A fiscal road map, conserving groundwater, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: A fiscal road map, conserving groundwater, and more")
A fiscal road map
Govt must decide fast on the timing and amount of stimulus
Fiscal deficit of 18 states at 40.7% in Q1, revenue deficit at 285%: Ind-Ra
Steeply falling revenues and central grants amidst rising expenditure to fight Covid-19 led to 18 of the largest states reporting a collective revenue deficit of 285% of Budget Estimates in April-June
 "Fiscal deficit of 18 states at 40.7% in Q1, revenue deficit at 285%: Ind-Ra")
In April-August, India's fiscal deficit at 109% of full-year target
Fiscal deficit or the gap between the expenditure and revenue had breached the annual target in July.
 "In April-August, India's fiscal deficit at 109% of full-year target")
At Rs 40,072 cr, govt's external financing jumps 5 times till Aug: Report
In absolute terms, fiscal deficit -- which is the gap between expenditure and revenue -- stood at Rs 8,70,347 crore
 "At Rs 40,072 cr, govt's external financing jumps 5 times till Aug: Report")
India's April-Aug fiscal deficit passes 109% of full year budget target
The deficit is predicted to exceed 8% of GDP in the 2020/21 fiscal year that began in April, economists said.
 "India's April-Aug fiscal deficit passes 109% of full year budget target")
Top headlines: All acquitted in Babri case, Apr-Aug fiscal deficit overruns
From special court acquitting all accused in Babri demolition case to General Atlantic investing in Reliance Retail, Business Standard brings you top news of the evening
 "Top headlines: All acquitted in Babri case, Apr-Aug fiscal deficit overruns")
Govt considers selling 25% stake in LIC to plug widening budget gap: Report
The government plans to amend the act of parliament under which the state-run LIC was set up to prepare for the sale, the people said, asking not to be identified as the discussions were private
 "Govt considers selling 25% stake in LIC to plug widening budget gap: Report")
Govt's total liabilities rise to Rs 101.3 trn in Q1: Finmin report
Public debt accounted for 91.1 per cent of total outstanding liabilities at end-June 2020, the quarterly report on public debt management released on Friday said
Covid-19 fallout: Fiscal deficit may rise to Rs 14.6 trillion in FY21
Fiscal deficit is expected to balloon to Rs 14.6 trillion or 7.6% of GDP in FY21 as economic disruptions are set for a long haul due to Covid-19 pandemic, brokerages analysing the deficit numbers said
 "Covid-19 fallout: Fiscal deficit may rise to Rs 14.6 trillion in FY21")
Govt should stop looking at telecom spectrum as just a source of revenue
A far-sighted government with the national interest in mind would determine that sectoral health, not its own revenue, is the major priority at this moment
 "Govt should stop looking at telecom spectrum as just a source of revenue")
Centre, states may welcome N K Singh's plan for fiscal deficit range
The 15th Finance Commission Chairman had pushed for a range instead of a fixed number, saying it is more realistic and will lead to less accounting engineering
 "Centre, states may welcome N K Singh's plan for fiscal deficit range")
Fiscal deficit may hit 8% of FY21 GDP on additional govt borrowing: Experts
The development comes at a time when the economy is limping back to normalcy after a stringent lockdown that lasted over two months
 "Fiscal deficit may hit 8% of FY21 GDP on additional govt borrowing: Experts")
Gulf nation's fiscal diet risks deeper pain amid oil price uncertainty
Brent prices have rebounded since plunging to a more than 20-year low in April, but at just over $40 per barrel, they are significantly below what most Gulf states would need to balance their budgets
 "Gulf nation's fiscal diet risks deeper pain amid oil price uncertainty")
In absence of GST compensation, states may cut FY21 capex by Rs 3 trn: ICRA
The borrowing alternative offered by the Centre to make up for the shortfall in the promised compensation will lead to the states' fiscal deficits widening to 4.25 - 5.52 per cent
 "In absence of GST compensation, states may cut FY21 capex by Rs 3 trn: ICRA")
Statsguru: 24% GDP contraction and enormity of Centre's fiscal challenge
If annual expenditure is kept unchanged from the budgeted Rs 30 trillion, a worst-case scenario can push Centre's fiscal deficit to 8.1 per cent of GDP
 "Statsguru: 24% GDP contraction and enormity of Centre's fiscal challenge")
Considering fiscal deficit range instead of number, says N K Singh
Singh said the 15th Finance Commission had not sought any extension and will finish its report for 2021-22 to 2025-26 by October 31
 "Considering fiscal deficit range instead of number, says N K Singh")
