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A farmer spreads fertiliser on a paddy field in Karnal, northern state of Haryana, India | Photo Credit: Reuters An increase in subsidy spending, particularly on fertilisers, has led to the Centre’s fiscal deficit reaching 41.9% of its budgeted target for 2026-27 as of August 2026, compared to 38.1% at this point last year. Data…
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The Centre’s fiscal deficit increased to 29.9% of the full-year target at the end of July, according to data released by the Controller General of Accounts (CGA) on Friday (August 29, 2025). It was at 17.2% of Budget Estimates (BE) of 2024-25 in the…
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Satheesh Vellinezhi | Photo Credit: Satheesh Vellinezhi Too many letters. Oh, and I’m not talking about the Russian alphabet, although it also has way too many letters. I’m talking about modern correspondence in this digital age. (The writer apologises for the loose use of the word letters. Sadly, this writer is forever apologising). In fact,…
Read More “Budget 2025 is a bit like discussing Hindi film lyrics from the 90s” »
The Centre’s fiscal deficit at the end of the first seven months of financial year 2024-25 touched 46.5% of the full-year target, government data showed on Friday (November 29, 2024). In absolute terms, the fiscal deficit — the gap between Government’s expenditure and revenue — was at ₹7,50,824 crore during April-October period, according to data…
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Image used for representative purpose only | Photo Credit: istock.com/Getty Images The Centre’s fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday (September 30, 2024). In absolute terms, the fiscal deficit – the gap between expenditure and revenue –…
Read More “Fiscal deficit in April-August at 27% of full-year target: Govt data” »
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…
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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” »