Budget 2023: Know What Is Fiscal Deficit And How It Impacts Economy
1 year, 10 months ago

Budget 2023: Know What Is Fiscal Deficit And How It Impacts Economy

ABP News  

We are less than a week away from the announcement of the Union Budget 2023. Gross Primary Deficit = Gross Fiscal Deficit - Net interest liabilities Net interest liabilities consist of interest payments minus interest receipts by the government on net domestic lending. How Union Budgets See Fiscal Deficit In the Budget documents, the government gives accounts for Revenue Deficit, Effective Revenue Deficit, Fiscal Deficit, and Primary Deficit. The government estimated that the fiscal deficit target for RE 2021-22 would be 6.9 per cent as against 6.8 per cent of GDP in BE 2021-22 due to “increased development/ welfare-related expenditures to contain the pandemic and to provide succor to the people.” In BE 2022-23, the fiscal deficit is projected at 6.4 per cent of GDP, which is lower than RE 2021-22, the Budget 2022 said. The government said, “As announced in the Budget for FY21- 22, the government would continue on its path of fiscal consolidation to attain a fiscal deficit to GDP level below 4.5 per cent by FY25-26 through a fairly steady decline over this period.” The central government planned gross and net borrowings through dated securities of about 14.95 lakh crore and 11.09 lakh crore, respectively, in BE 2022-23, according to Budget documents.

Budget Revenue Crore Cent Lakh Gdp Deficit Fiscal Borrowing Receipts Fiscal Deficit Net Borrowing Union Budget Revenue Deficit Primary Deficit Gross Fiscal Deficit Capital Receipts Total Expenditure  economy  gdp  budget  cent  crore  lakh  revenue  fiscal  impacts  2023  deficit  receipts  know  borrowing

History of this topic

Fiscal deficit in April-August at 27% of full-year target: Govt data
2 months, 3 weeks ago

Fiscal deficit in April-August at 27% of full-year target: Govt data

The Hindu  

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. In absolute terms, the fiscal deficit - the gap between expenditure and revenue - was at ₹4,35,176 crore as of August-end, according to data released by the Controller General of Accounts. In the …

Stick to fiscal deficit as the norm for fiscal prudence
3 months, 2 weeks ago

Stick to fiscal deficit as the norm for fiscal prudence

The Hindu  

Government expenditures exceeding revenue by a high margin can lead to a difficult situation. In the 1980s, rising fiscal deficit accompanied by rising government debt led to a difficult balance of payments situation and a high ratio of interest payment to revenue receipts. With these levels of fiscal deficit in two consecutive years, the Centre’s debt-GDP ratio is estimated at …

Budget 2024: Modi govt reduces fiscal deficit target to 4.9 per cent of GDP for FY25
5 months ago

Budget 2024: Modi govt reduces fiscal deficit target to 4.9 per cent of GDP for FY25

India TV News  

Union Budget 2024: In her presentation of the Union Budget for the fiscal year 2024-25, Union Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.9 per cent of the gross domestic product. This marks a significant reduction from the target set in the Interim Budget presented on February 1, which pegged the fiscal deficit at 5.1 per cent …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
10 months, 3 weeks ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

Budget 2023: Key terms in the budget explained
10 months, 3 weeks ago

Budget 2023: Key terms in the budget explained

Hindustan Times  

Union Finance Minister Nirmala Sitharaman is set to present the interim Budget 2024 in Parliament on February 1- the last budget before the country goes into general elections. Here are some important terms that you should understand to be able to comprehend the budget announcements better: Budget 2023: Union Finance Minister Nirmala Sitharaman is seen. Consolidated Fund The entire revenue …

Interim Budget 2024: Your guide for understanding all key terms
11 months, 1 week ago

Interim Budget 2024: Your guide for understanding all key terms

India Today  

Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024 on February 1, 2024. Sitharaman is expected to address various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more, during the budget speech. Fiscal Deficit Fiscal deficit means when a government's total expenditure exceeds total revenue, excluding any external borrowings. It is extremely …

Explained | Is the government on track on fiscal deficit targets?
1 year, 10 months ago

Explained | Is the government on track on fiscal deficit targets?

The Hindu  

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 to 5.9% of gross domestic product in FY24, compared with 6.4% in FY23. In Union Budget 2023-24, the fiscal deficit to GDP is pegged at 5.9% in FY24. The primary deficit, which …

The Union budget for 2023-24 is rather well placed on fiscal math
1 year, 10 months ago

The Union budget for 2023-24 is rather well placed on fiscal math

Live Mint  

All credit goes to Finance Minister Nirmala Sitharaman and her team for extraordinary fiscal performance over three years of relentless pressure from the pandemic followed by the Ukraine war. During the current fiscal year closing on 31 March 2023, the Central fiscal deficit has held at 6.4% as budgeted, despite additional expenditure of ₹2 trillion on food and fertilizer subsidies. …

Budget 2023: Take A Look At The Structure And Components Of The Union Budget
1 year, 11 months ago

Budget 2023: Take A Look At The Structure And Components Of The Union Budget

ABP News  

The Budget for the year 2023-24 is around the corner. It is divided mainly into two sections —Budget Receipts and Budget Expenditures. The Budget Receipts comprise – Capital Receipts and Revenue Receipts Capital Receipts: Capital Receipts are the receipts that either create liability or cause a reduction in assets for the government. Revenue Receipts: Revenue Receipts are receipts that neither …

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms
1 year, 11 months ago

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms

India TV News  

Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. FAQs Q1: When is the Indian Union Budget presented? A: The Indian Union Budget is presented on the first day of February, by the Finance Minister …

India's April-September Fiscal Deficit Hits 37.3% Of Full FY23 Target
2 years, 1 month ago

India's April-September Fiscal Deficit Hits 37.3% Of Full FY23 Target

News 18  

The central government’s fiscal deficit during April-September 2022 touched 37.3 per cent of the full-year target, according to the latest official data. According to the data released by the Controller General of Accounts on Monday, the government’s total receipts, including taxes, stood at Rs 12.03 lakh crore or 52.7 per cent of BE for 2022-23. For 2022-23, the fiscal deficit …

Fiscal deficit touches 32.6% of annual target till August this fiscal: official data
2 years, 2 months ago

Fiscal deficit touches 32.6% of annual target till August this fiscal: official data

The Hindu  

The Central government's fiscal deficit touched 32.6% of the annual target in the current financial year till August as against 31.1% recorded a year earlier, according to official data released on Friday. In actual terms, the fiscal deficit — the difference between expenditure and revenue — was ₹5,41,601 crore during the April-August period of this financial year. As per the …

Fiscal Deficit Touches 32.6% of Annual Target Till August This Fiscal: Official Data
2 years, 2 months ago

Fiscal Deficit Touches 32.6% of Annual Target Till August This Fiscal: Official Data

News 18  

The central government’s fiscal deficit touched 32.6 per cent of the annual target in the current financial year till August as against 31.1 per cent recorded a year ago, according to official data released on Friday. As per the data released by the Controller General of Accounts, the government’s total receipts, including taxes, stood at Rs 8.48 lakh crore or …

Fiscal deficit touches 20.5% of annual target in April-July: official data
2 years, 3 months ago

Fiscal deficit touches 20.5% of annual target in April-July: official data

The Hindu  

The Central Government's fiscal deficit touched 20.5% of the annual target at the end of July 2022-23 against 21.3% a year ago, reflecting improvement in public finance, as per official data released on Wednesday. As per the data released by the Controller General of Accounts, the government's receipts, including taxes, stood at ₹7.85 lakh crore or 34.4% of the Budget …

Understanding the formulation of the Budget
2 years, 10 months ago

Understanding the formulation of the Budget

The Hindu  

The story so far : With the economy still hurting from the pandemic, the Budget on February 1 is likely to address concerns around growth, inflation and spending. Since positive fiscal deficits indicate the amount of expenditure over and above revenue and non-debt receipts, it needs to be financed by a debt-creating capital receipt. Though both expenditure and revenue receipts …

From fiscal deficit to tax slabs: Key figures to watch out for in Union Budget 2021
3 years, 10 months ago

From fiscal deficit to tax slabs: Key figures to watch out for in Union Budget 2021

Hindustan Times  

Finance minister Nirmala Sitharaman is set to present the Union Budget in Parliament on Monday, February 1. Here are some key figures/elements to look out for in Union Budget 2021: Fiscal deficit There are four deficit numbers present in the budget document: revenue deficit, effective revenue deficit, fiscal deficit and primary deficit. The more the fiscal deficit, the more market …

Govt Should Have Clear Exit Strategy, Milestones Needed for Fiscal Consolidation: RBI
4 years, 3 months ago

Govt Should Have Clear Exit Strategy, Milestones Needed for Fiscal Consolidation: RBI

News 18  

The government should have a clear exit strategy and credible milestones for fiscal consolidation in the coming years, the Reserve Bank said on Tuesday in its annual report amid meeting the fiscal targets becoming more challenging due to the coronavirus pandemic. Based on information from 25 states, the general government fiscal deficit increased from 5.4 per cent of GDP in …

Fiscal Deficit Touches 83.2% of Budget Estimates at End-June due to Poor Tax Collection amid Lockdown
4 years, 4 months ago

Fiscal Deficit Touches 83.2% of Budget Estimates at End-June due to Poor Tax Collection amid Lockdown

News 18  

The country's fiscal deficit during the first quarter of this fiscal widened to Rs 6.62 lakh crore or 83.2 per cent of the budget estimates, mainly on account of poor tax collections due to the coronavirus lockdown. The government had pegged the fiscal deficit for 2020-21 at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the …

Discover Related