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India’s Finance Minister Nirmala Sitharaman holds up a folder with the Government of India’s logo as she leaves her office to present the federal budget in the parliament, before the nation’s general election, in New Delhi, India, February 1, 2024. | Photo Credit: REUTERS The government under Prime Minister Narendra Modi should focus on adherence…
The Central government’s fiscal deficit during 2023-24 at 5.6% of the GDP was better than previous estimates of 5.8% on account of higher revenue realisation and lower expenditure, according to official data released on Friday. In actual terms, the fiscal deficit — or gap between expenditure and revenue — was ₹16.53 lakh crore, or 5.63%…
Read More “Fiscal deficit in FY24 improves to 5.6% on better tax mop-up” »
Photo used for representation purpose only. The Centre’s capital expenditure slipped by a sharp 40.5% in January at ₹47,600 crore compared with ₹80,000 crore a year ago, while the fiscal deficit hit 64% of the revised estimates for 2023-24 by the end of January. With just two months to go in the financial year, the…
Read More “Fiscal Deficit at 64% by January; Capex slid last month” »
Illustration: Soumyadip Sinha Finance Minister Nirmala Sitharaman, presenting her sixth Union Budget and her first Interim Budget, resisted the temptation to hand out dramatic pre-poll sops like the ones unveiled ahead of the 2019 Lok Sabha election, opting instead to bank on the government’s track record and the promise of “unprecedented development” in the next…
Read More “Nirmala Sitharaman’s first Interim Budget | Puffed-up and poll-ready” »
Centre projected to bring down the fiscal deficit to 5.9% Of GDP in FY24 New Delhi: 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. In actual terms, the fiscal deficit,…
Read More “Centre’s Fiscal Deficit Touches 39% Of Full-Year Target In FY24’s 1st Half” »
Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…
Read More “Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24” »
Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…
Read More “Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24” »
Union Finance Minister Nirmala Sitharaman with Minister of State for Finance Pankaj Chaudhary addresses a press conference in Mumbai on February 4, 2023. | Photo Credit: PTI The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit…
Read More “Explained | Is the government on track on fiscal deficit targets?” »
