Revenue Deficit

The 15th Finance Commission had recommended a total revenue deficit grant of Rs 1,18,452 crore to 17 states in 2021-22.

A total of Rs 1,18,452 crore in terms of grant has been suggested by the 15th Finance Commission for 2021-22, to 17 states.

The agency estimates the nominal GDP to grow 14.5 per cent in the next fiscal year and also that a gradual pick-up in revenue collections could lead to an improvement in the capital expenditure

The Union government had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue

Finance Minister Nirmala Sitharaman said she had asked her counterparts at state level to borrow up to Rs 2.35 lakh crore from the market to help close the fiscal gap.

The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...

The Centre on Thursday informed the Andhra Pradesh High Court that it has released Rs 22,111.88 crore as post-devolution revenue deficit grant and another Rs 16,510 crore under different heads, including capital city development, to the state during 2014-20.

The government aims to restrict the fiscal deficit at 3.8 per cent of the GDP or Rs 7.1 lakh crore in 2019-20

The government on Saturday raised fiscal deficit target to 3.8 per cent of the GDP from 3.3 per cent pegged earlier for 2019-20 due to revenue shortage.

Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.

Budget 2020: Effective revenue deficit is defined as the difference between revenue deficit and grants for creation of capital assets.

Things haven't gone according to plan though, largely because of a worsening slowdown in the economy, which has put pressure on government revenue and the fiscal deficit.

The government is facing a revenue crunch as economic growth slows, putting pressure on the budget.

The government's collection of gross revenue from GST or goods and services tax stood at Rs 1,03,184 crore last month. That marked an increase of 8.93 per cent compared with the corresponding period a year ago. GST collection had come in at Rs 94,726 crore in December 2018, according to an official release. On a month-on-month basis, however, GST r...

The Central government's total expenditure stood at Rs 18.20 lakh crore (65.3 per cent of BE) while total receipts were Rs 10.12 lakh crore (48.6 per cent of BE). Besides, the total expenditure for the period under review comprised Rs 16.06 lakh crore on the revenue account, while Rs 2.13 lakh crore was on capital expenditure.

The 15th Finance Commission had recommended a total revenue deficit grant of Rs 1,18,452 crore to 17 states in 2021-22.

A total of Rs 1,18,452 crore in terms of grant has been suggested by the 15th Finance Commission for 2021-22, to 17 states.

The agency estimates the nominal GDP to grow 14.5 per cent in the next fiscal year and also that a gradual pick-up in revenue collections could lead to an improvement in the capital expenditure

The Union government had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue

Finance Minister Nirmala Sitharaman said she had asked her counterparts at state level to borrow up to Rs 2.35 lakh crore from the market to help close the fiscal gap.

The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...

The Centre on Thursday informed the Andhra Pradesh High Court that it has released Rs 22,111.88 crore as post-devolution revenue deficit grant and another Rs 16,510 crore under different heads, including capital city development, to the state during 2014-20.

The government aims to restrict the fiscal deficit at 3.8 per cent of the GDP or Rs 7.1 lakh crore in 2019-20

The government on Saturday raised fiscal deficit target to 3.8 per cent of the GDP from 3.3 per cent pegged earlier for 2019-20 due to revenue shortage.

Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.

Budget 2020: Effective revenue deficit is defined as the difference between revenue deficit and grants for creation of capital assets.

Things haven't gone according to plan though, largely because of a worsening slowdown in the economy, which has put pressure on government revenue and the fiscal deficit.

The government is facing a revenue crunch as economic growth slows, putting pressure on the budget.

The government's collection of gross revenue from GST or goods and services tax stood at Rs 1,03,184 crore last month. That marked an increase of 8.93 per cent compared with the corresponding period a year ago. GST collection had come in at Rs 94,726 crore in December 2018, according to an official release. On a month-on-month basis, however, GST r...

The Central government's total expenditure stood at Rs 18.20 lakh crore (65.3 per cent of BE) while total receipts were Rs 10.12 lakh crore (48.6 per cent of BE). Besides, the total expenditure for the period under review comprised Rs 16.06 lakh crore on the revenue account, while Rs 2.13 lakh crore was on capital expenditure.