Page 3 - Latest Updates on Fiscal Deficit
Well-focused Budget 2024 with special development thrust: Madan Sabnavis
Union Budget 2024-25 news: There has been some comfort provided to individuals who opt for the new income tax scheme as there is some rationalisation across the slabs
 "Well-focused Budget 2024 with special development thrust: Madan Sabnavis")
Budget 2024: FM Sitharaman reduces fiscal deficit for FY25 to 4.9% of GDP
This is 20 basis points lower than 5.1 per cent announced in the interim budget
 "Budget 2024: FM Sitharaman reduces fiscal deficit for FY25 to 4.9% of GDP")
Tax cuts to welfare support: Here's what to expect from Modi 3.0 1st Budget
Government is expected to reduce its deficit target slightly from the 5.1 per cent of gross domestic product projected before the elections
 "Tax cuts to welfare support: Here's what to expect from Modi 3.0 1st Budget")
Negative surprise on fiscal deficit unlikely in Budget: Nippon India MF CIO
The current government, right from 2014, has shown an inclination to maintain fiscal discipline, he says
 "Negative surprise on fiscal deficit unlikely in Budget: Nippon India MF CIO")
Fiscal headroom should be used to spend on social sector, says Ficci
The economists said the fiscal deficit target for 2024-25 could be slightly lowered, from the 5.1 per cent estimate laid out in the Interim Budget earlier this year
 "Fiscal headroom should be used to spend on social sector, says Ficci")
Fiscal policy reset needed, especially after a difficult Covid phase
Government intervention during the pandemic seemed conscious of the fact that India's fiscal position was not very strong at the beginning of the crisis
 "Fiscal policy reset needed, especially after a difficult Covid phase")
Govt may scale down fiscal deficit target to 5% or less in Budget: ICRA
The government had pegged the fiscal deficit estimate at 5.1 per cent for the current fiscal year when it presented the interim Budget in February
 "Govt may scale down fiscal deficit target to 5% or less in Budget: ICRA")
Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024
Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget
 "Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024")
Budget Watch: FinMin confident of sticking to fiscal deficit of 5.1% of GDP
However, this path may not be as easy for the government to tread
Centre may hike transfers to farmers under PM Kisan, MGNREGA: Elara Capital
It added that the Centre is likely to retain the fiscal deficit target of 5.1 per cent for 2024-25 with a possibility of a downward revision of 10 basis points
 "Centre may hike transfers to farmers under PM Kisan, MGNREGA: Elara Capital")
India's rating upgrade likely in 2 years if fiscal deficit falls to 4%: S&P
The central government estimates to bring down fiscal deficit to 5.1 per cent of the GDP in the current fiscal, from 5.63 per cent in 2023-24
 "India's rating upgrade likely in 2 years if fiscal deficit falls to 4%: S&P")
Full Budgets tend to realign fiscal deficits set in interim Budgets
Analysis of fiscal trends since 1991 reveals that full Budgets typically reduce fiscal and revenue deficits set in interim budgets, with notable exceptions during economic crises and major reforms
 "Full Budgets tend to realign fiscal deficits set in interim Budgets")
RBI bonus trims April-May fiscal deficit to 3% of entire FY25 target
The fiscal deficit in the corresponding period last year was 11.8 per cent of the budget estimates at Rs 2.1 trillion
 "RBI bonus trims April-May fiscal deficit to 3% of entire FY25 target")
Bumper RBI bonus trims April-May fiscal deficit to 3% of FY25 target
Fiscal deficit at Rs 50,615 crore in April-May FY25, according to CGA data
 "Bumper RBI bonus trims April-May fiscal deficit to 3% of FY25 target")
China's fiscal revenue drops 2.8% in January-May as weak demand drags
Fiscal expenditure rose 3.4 per cent in the first five months, versus a 3.5 per cent gain in the first four months
 "China's fiscal revenue drops 2.8% in January-May as weak demand drags")
What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?
Finance Minister Nirmala Sitharaman is expected to maintain fiscal deficit target at 5.1% for FY25
 "What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?")
Budget 2024: MSME ministry gets 'positive' feedback on 45-day payment rule
Any change in Finance Bill prerogative of finance ministry, says official
 "Budget 2024: MSME ministry gets 'positive' feedback on 45-day payment rule")
Modi govt plans to stick to deficit target despite Lok Sabha poll setback
Rating agencies and analysts have said the government may step up welfare spending as well as support for states represented by partners in the National Democratic Alliance
 "Modi govt plans to stick to deficit target despite Lok Sabha poll setback")
Bond investors worried as weak Modi victory fans fiscal populism fears
Fiscal discipline has been a hallmark of Modi's decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit
 "Bond investors worried as weak Modi victory fans fiscal populism fears")
India's fiscal deficit in FY24 improved to 5.6% of GDP: Govt data
A fiscal deficit arises when government spending exceeds revenue
 "India's fiscal deficit in FY24 improved to 5.6% of GDP: Govt data")
