Fiscal Deficit

The central government's fiscal deficit touched 39.3 per cent of the full-year target in the first half of the current financial year, slightly higher than 37.3 per cent recorded in the year-ago period.

Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.

Telangana Chief Minister K Chandrasekhar Rao, it would appear, is in a more than generous mood.

The Centre's fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22, as anticipated by Finance Minister Nirmala Sitharaman in her Budget in February this year.

The central government's fiscal deficit touched 67.8 per cent of the full-year target at the end of January due to higher expenses and lower revenue realisations, according to official data released on Tuesday.

Budget 2023: The finance minister retained the fiscal deficit target of 6.4 per cent in the revised estimate for FY2022-23 and reduced it to 5.9 per cent for the next fiscal.

Union Budget 2023 was presented by Finance Minister Nirmala Sitharaman today which unveiled one of its biggest jumps in capital spending in the past decade and said the fiscal deficit would fall next year.

Finance Minister Nirmala Sitharaman is widely expected to announce 10% to 12% increase in budget allocations for health, education and rural projects, helped by a pick up in tax collections.

Net tax receipts rose to 15.56 trillion rupees while total expenditure was 28.18 trillion rupees, government data showed.

These documents - Macro-Economic Framework Statement and Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement - are statements under the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.

In pulling back the deficit, Finance Minister Nirmala Sitharaman's budget for the financial year beginning April 1 will also help hold inflation below the top of the central bank's target range, 6%.

Morgan Stanley.said the government may provide a "credible path" for fiscal deficit reduction in 2023-24 and reiterate the medium-term roadmap to lower the central government's deficit to 4.5 per cent of GDP.

Budget 2023: The Goldman Sachs Group has said that India might cut down its fiscal deficit target by 50 basis points for the next financial year starting 1 April 2023. Goldman economists wrote in a report that India will keep its deficit to 5.9 per cent of the gross domestic product.

Goldman Sachs Group Inc. expects India to trim its fiscal deficit aim by 50 basis points for the financial year starting April, as it balances spending priorities and fiscal prudence in the upcoming budget.

In actual terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 9,78,154 crore during the April-November period of 2022-23.

The central government's fiscal deficit touched 39.3 per cent of the full-year target in the first half of the current financial year, slightly higher than 37.3 per cent recorded in the year-ago period.

Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.

Telangana Chief Minister K Chandrasekhar Rao, it would appear, is in a more than generous mood.

The Centre's fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22, as anticipated by Finance Minister Nirmala Sitharaman in her Budget in February this year.

The central government's fiscal deficit touched 67.8 per cent of the full-year target at the end of January due to higher expenses and lower revenue realisations, according to official data released on Tuesday.

Budget 2023: The finance minister retained the fiscal deficit target of 6.4 per cent in the revised estimate for FY2022-23 and reduced it to 5.9 per cent for the next fiscal.

Union Budget 2023 was presented by Finance Minister Nirmala Sitharaman today which unveiled one of its biggest jumps in capital spending in the past decade and said the fiscal deficit would fall next year.

Finance Minister Nirmala Sitharaman is widely expected to announce 10% to 12% increase in budget allocations for health, education and rural projects, helped by a pick up in tax collections.

Net tax receipts rose to 15.56 trillion rupees while total expenditure was 28.18 trillion rupees, government data showed.

These documents - Macro-Economic Framework Statement and Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement - are statements under the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.

In pulling back the deficit, Finance Minister Nirmala Sitharaman's budget for the financial year beginning April 1 will also help hold inflation below the top of the central bank's target range, 6%.

Morgan Stanley.said the government may provide a "credible path" for fiscal deficit reduction in 2023-24 and reiterate the medium-term roadmap to lower the central government's deficit to 4.5 per cent of GDP.

Budget 2023: The Goldman Sachs Group has said that India might cut down its fiscal deficit target by 50 basis points for the next financial year starting 1 April 2023. Goldman economists wrote in a report that India will keep its deficit to 5.9 per cent of the gross domestic product.

Goldman Sachs Group Inc. expects India to trim its fiscal deficit aim by 50 basis points for the financial year starting April, as it balances spending priorities and fiscal prudence in the upcoming budget.

In actual terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 9,78,154 crore during the April-November period of 2022-23.