TAG: fiscal deficit
Centre may set fiscal deficit target at 3.7-4.3% after 2025-26: Report
The government is considering setting a fiscal deficit target range of 3.7-4.3 percent after 2025-26, moving away from the traditional single-number target, as it aims to reduce the national debt and foster economic growth. This information was disclosed...
2 months ago
Fiscal deficit narrows to 8.1 percent of the full year estimate in Q1FY25
Centre’s fiscal deficit narrowed to 8.1 percent of the full year estimate in the first quarter of the year, compared with 25.3 percent during similar period last year, government data released on July 31 showed.The fiscal deficit had narrowed to 3 percent...
2 months ago
In 8 charts: Govt's interest cost share in GDP beats capex outlay share in FY24; what's driving this surge?
Interest payments have been rising steadily since the pandemic and stands at 3.6 percent of India's gross domestic product (GDP) in FY24, which reduces the fiscal flexibility the government has, according to a Crisil Quickonomics report.The share of inter...
2 months ago
Economy sustained momentum in first four months of FY25: Finance ministry
The Indian economy has sustained its momentum in the first four months of FY 25 and the 6.5-7 percent growth forecasted in the Economic Survey stands for now, the finance ministry has said in its first economic review after the Lok Sabha elections.“GST co...
1 month ago
Fiscal deficit at 17.2% of FY25 estimate as of July
Fiscal deficit narrowed to 17.2 percent of the full year estimate in the first four months of the year, compared with 33.9 percent during similar period in the previous year, government data released on August 30 showed.Capex utilisation remained lower at...
1 month ago
Lower crude prices: A boon or a bane?
Prices of Brent crude have been hovering near a three-year low of $70 per barrel. The Indian crude basket has witnessed a 6 percent decline in September compared with the previous month, while prices have been trading 21 percent below last year’s level. W...
1 month ago
Centre’s H2FY25 borrowing at Rs 6.61 lakh crore, in line with Budget target
Centre’s borrowing for the second half of FY25 at Rs 6.61 lakh crore was in line with the Budgeted target for the second half of the financial year, according to the October-March borrowing plan released by the government on September 26.It is estimated t...
2 weeks ago
India's fiscal deficit for April-August at Rs 4.35 lakh cr, 27% of full-year target
India’s fiscal deficit remained contained at 27 percent of the full year number, according to data released by the government on September 30.Capital spending dipped again in August compared with the previous year.In July, capex had risen 110 percent comp...
2 weeks ago