Fiscal Deficit Target

• 

  Country On Track To Achieve 4.5% Fiscal Deficit, Says Finance Minister

  Union Finance Minister Nirmala Sitharaman has said the government is on track to achieve the target of 4.5 per cent fiscal deficit by 2025-26.

• 

  Centre's Fiscal Deficit Touches 39% Of Full-Year Target In FY24's 1st Half

  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.

• 

  Fiscal Deficit Touches 67.8% Of Full-Year Target At January End: Data

  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.

• 

  Fiscal Deficit To Be Under 4.5% By 2025-26, Says Finance Minister

  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.

• 

  India's Fiscal Deficit For April-December Reaches 60% Of Full-Year Target

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

• 

  Budget 2023: This Law Plays A Key Role In Government Expenses

  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.

• 

  Union Budget 2023: Centre Likely To Focus On Deficit Reduction

  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%.

• 

  5 Major Announcements Expected From Union Budget 2023

  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.

• 

  Fiscal Deficit Reaches 59% Of Full-Year Target In November

  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.

• 

  Centre On Track To Meet Fiscal Deficit Target Of 6.4% For This Fiscal: World Bank

  High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel.

• 

  Centre Could Trim Spending For First Time In 3 Years: Report

  Spending by the Indian government this fiscal year could be less than budgeted for the first time in three years, two sources with direct knowledge of the matter told Reuters.

• 

  Rupee At All-Time Low, Finance Ministry Sources Say Not Due To Economy

  Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.

• 

  Fiscal Deficit Hits 21.2% Of Annual Target In First Quarter Of 2022-23

  The central government's fiscal deficit touched 21.2 per cent of the annual target in the June quarter as against 18.2 per cent in the year-ago period, according to official data.

• 

  New Tax Changes To Offset Fuel Duty Cut And Boost Overall Collection: Report

  Changes in import duty and a windfall tax on fuel exports will offset duty cuts on fuels and increase overall tax collection over the budget target this fiscal to Rs 20.70 lakh crore, per a report.

• 

  India's April-May Fiscal Deficit At $25.8 Billion: Government Data

  India's federal fiscal deficit between April and May touched $25.84 billion, or 12.3 per cent of the year-to-March budgeted target, data showed.