Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target
1 year, 11 months ago

Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target

ABP News  

Finance Minister Nirmala Sitharaman is going to present the last full-fledged Budget of the Modi 2.0 government on February 1 amid a gordian knot of challenges facing the world economy. The government has pencilled in a fiscal deficit target at 6.4 per cent of the GDP for the current financial year for stronger and sustainable growth. The target is consistent with the broad path -- fiscal consolidation announced by the government in the last year’s Budget to accomplish a fiscal deficit target of 4.5 per cent by the fiscal year 2025-26. Total tax collection stood at 63.3 per cent of the target of Rs 19.35 lakh crore in the first eight months as compared to the corresponding ratio at 75.9 in FY22. As the government has set a 6.4 per cent target of GDP, the 1st advance estimate of the GDP gives a room for additional spending of Rs 0.97 lakh crore – {6.4 per cent of } in the current fiscal without tinkering with fiscal mathematics.

Crore Cent Lakh Target Total Deficit Fiscal Receipts Fiscal Deficit Fy22 Fiscal Deficit Target Fiscal Consolidation Corresponding Budget 2023 Fiscal Mathematics  cent  focus  target  budget  2023  crore  achieve  lakh  total  corresponding  fiscal  rs  consolidation  deficit  receipts

History of this topic

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings
1 week ago

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings

Live Mint  

New Delhi, December 16 : The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by CareEdge Ratings. It said "Overall, we project the fiscal deficit at 4.8 per cent of GDP, marginally lower than the budgeted 4.9 per …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
3 weeks ago

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

Live Mint  

New Delhi, December 2 : The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 1 week ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO
5 months ago

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO

Live Mint  

Finance minister Nirmala Sitharaman presented another balanced budget on Tuesday, one that addressed both the immediate and long-term needs of the country. Higher tax collections – gross tax collections rose 19.5% year-on-year – have give the FM room to allocate funds to numerous schemes that will benefit the poor. Providing free electricity to one crore households under PM Surya Ghar …

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 …

A look at key macro numbers ahead of Budget: GDP, fiscal deficit, inflation
5 months ago

A look at key macro numbers ahead of Budget: GDP, fiscal deficit, inflation

Hindustan Times  

Finance minister Nirmala Sitharaman is set to present the Union Budget 2024-25 on July 23 as experts widely expect that at least a few populist schemes will be announced which will help boost the rural economy and also create jobs. Here's a look at the macro numbers ahead of Budget 2024: Budget 2024: Experts widely expect that at least a …

Union Budget To Prioritise Fiscal Targets, Jobs, And Inflation: Goldman Sachs
5 months, 2 weeks ago

Union Budget To Prioritise Fiscal Targets, Jobs, And Inflation: Goldman Sachs

ABP News  

The Union Budget for the fiscal year 2024-25 is likely to prioritise maintaining capex spending levels and adhering strictly to fiscal consolidation goals while maintaining a special focus on job creation, as per Goldman Sachs. In their note published on Monday, they caution against expecting any relaxation in fiscal consolidation measures or a shift towards increased welfare spending at the …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target
8 months, 3 weeks ago

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target

New Indian Express  

NEW DELHI: India’s fiscal deficit for April to February of FY24 reached Rs 15.01 lakh crore, representing nearly 86.5% of the target set for the full financial year, according to the government data. During the corresponding period in the previous year, the fiscal deficit was recorded at Rs 14.53 lakh crore. As of February 2024, the Government of India has …

Punjab government likely to miss capex target, only 32% achieved so far
9 months, 3 weeks ago

Punjab government likely to miss capex target, only 32% achieved so far

Hindustan Times  

Despite a healthy growth in tax revenues and increased borrowing, the Punjab government is likely to miss its capital expenditure target going by the spending in the first ten months of the financial year 2023-24. A finance department official said that capex numbers will look much better by the end of the fiscal though they may still fall short of …

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data
9 months, 3 weeks ago

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data

Hindustan Times  

The government's fiscal deficit at ₹11 lakh crore at January end touched 63.6 per cent of the revised annual target, according to the official data released on Thursday. The government's total receipts stood at ₹ 22.52 lakh crore as of January 2024 In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 67.8 …

Interim budget 2024-25: Govt stays the course on fiscal consolidation path
10 months, 3 weeks ago

Interim budget 2024-25: Govt stays the course on fiscal consolidation path

Hindustan Times  

The government is on the path of fiscal consolidation, finance minister Nirmala Sitharaman said in her interim budget speech, revising the fiscal deficit estimate for FY24 to 5.8% of GDP from 5.9% estimated in the budget last year, and reiterated her resolve to bring it below 4.5% by 2025-26, targetting 5.1% in FY25 on the back of buoyant tax collections …

How FM struck a fiscal chord: Story of Budget in nine charts
10 months, 3 weeks ago

How FM struck a fiscal chord: Story of Budget in nine charts

Live Mint  

The general elections are around the corner but finance minister Niramala Sitharaman, unlike her predecessor Piyush Goyal in 2019, chose fiscal prudence over any big-bang policy announcements meant to woo the voters. Robust tax collections have given the government room to extend the free foodgrain programme, hike LPG subsidy, and increase the allocation for the rural jobs scheme, all of …

Budget 2024: How economy fared better than estimated, what this means for FY25
10 months, 3 weeks ago

Budget 2024: How economy fared better than estimated, what this means for FY25

Firstpost  

India’s economy continues to remain a bright spot. Also read: Big takeaways from Budget: What Nirmala Sitharaman said on taxes, economy, fiscal deficit What were the revised estimates for FY 2023-24? The revised estimate of the fiscal deficit is 5.8 per cent of GDP, improving on the Budget Estimate, notwithstanding moderation in the nominal growth estimates, Sitharaman said in her …

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth
10 months, 3 weeks ago

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth

Firstpost  

The Confederation of Indian Industry welcomed the Budget 2024 and the step by the Indian government step towards increasing capital expenditure by almost 11 per cent. In the Interim Budget 2024, the government proposed to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore for financial year 2024-25. Our recommendation initially was a 5.4 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 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent
10 months, 3 weeks ago

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent

India TV News  

In the interim Budget presented by Finance Minister Nirmala Sitharaman, the Union government has assumed a nominal GDP growth of 10.50 per cent for the fiscal year 2024-25. The revised estimate of the fiscal deficit for FY24 is 5.8 per cent of GDP, improving on the budget estimate despite a moderation in nominal growth estimates. Union Finance Minister Nirmala Sitharaman …

Budget 2024: 5 key changes we can expect this year
10 months, 3 weeks ago

Budget 2024: 5 key changes we can expect this year

Firstpost  

On February 1, Finance Minister Nirmala Sitharaman is scheduled to deliver the Union Budget 2024–25. Thus, let’s examine five important charts that provide insight into the interim Budget’s chances before it is announced: Total Revenue vs Expenditures Revenue and spending are the most frequently followed budget metrics, particularly in relation to the growth of the economy. In spite of nominal …

Budget 2024: 5 essential questions for investors answered by Goldman Sachs
11 months, 1 week ago

Budget 2024: 5 essential questions for investors answered by Goldman Sachs

Live Mint  

Budget 2024: Goldman Sachs in its report on FY25 interim budget say that interim budget is likely to follow the fiscal consolidation path Three key things for investors to look out for in the interim budget as per Goldman Sachs include: a) the government’s commitment to the medium-term fiscal consolidation path, b) if capex growth can continue with fiscal consolidation, …

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%
11 months, 1 week ago

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%

India Today  

As India gears up for its 2024/25 budget, there are indications that the government is planning to reduce its budget deficit by at least 50 basis points from the current year's target of 5.9 per cent of Gross Domestic Product. Devendra Pant, an economist at India Ratings, was quoted in the report saying that reducing the government's money shortage and …

Mint Explainer: What are the government's borrowing plans for FY24?
1 year, 4 months ago

Mint Explainer: What are the government's borrowing plans for FY24?

Live Mint  

Every fiscal year, the government borrows from a variety of sources in order to close the fiscal deficit gap in the union budget. To finance its fiscal deficit in FY 2023-24, the central government is planning to raise net debt of ₹17.99 trillion from various sources. During FY 24, the government plans to raise ₹11.81 trillion from market loans, ₹ …

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June
1 year, 4 months ago

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June

ABP News  

The Indian government has already touched 25.3 per cent of its fiscal deficit target for the whole year. According to the data released by the Controller General of Accounts on Monday, the fiscal deficit for the first quarter of the current fiscal year accounts for about 25 per cent of the total fiscal deficit target for the year. According to …

Govt meets 6.4% fiscal deficit target for FY23
1 year, 6 months ago

Govt meets 6.4% fiscal deficit target for FY23

Hindustan Times  

The Union government met its fiscal deficit target of 6.4% of the gross domestic product for 2022-23 on the back of robust tax revenue despite higher revenue expenditure, particularly on account of subsidies and interest payments, official data released on Wednesday showed. Fiscal deficit indicates government’s borrowing to meet the gap between revenue receipts in a particular financial year and …

Centre's fiscal deficit for 2022-2023 narrows to 6.4 pc of GDP | DEETS inside
1 year, 6 months ago

Centre's fiscal deficit for 2022-2023 narrows to 6.4 pc of GDP | DEETS inside

India TV News  

Centre's fiscal deficit : Finance Minister Nirmala Sitharaman's anticipation for the Centre's fiscal deficit came true as it narrowed to 6.4 per cent of the GDP in 2022-2023 from 6.71 per cent in FY22. The government earlier aimed to further bring down the fiscal deficit during the current financial year 2023-24 to 5.9 per cent of the GDP. Aditi Nayar, …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

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 …

How Union Budget 2023-24 captures the true essence of Amrit Kaal
1 year, 10 months ago

How Union Budget 2023-24 captures the true essence of Amrit Kaal

Firstpost  

PM Modi questioned the obsolete way of running an economy, ushered in a digital revolution in India and has showcased to the world that India from being among the “fragile five”, is today the world’s fifth largest economy in terms of nominal GDP “The first lesson of economics is scarcity. India’s rising global profile is due to several accomplishments under …

A balance between capital outlays and fiscal prudence
1 year, 10 months ago

A balance between capital outlays and fiscal prudence

The Hindu  

The Budget comes at a time when the government faces a delicate balancing act between expenditure priorities and the need for fiscal prudence as it is the last full Budget before the general elections. There are five issues that need to be analysed in this Budget — three from a growth and fiscal stability perspective and two from a welfare …

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry
1 year, 10 months ago

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry

The Hindu  

The Union Budget is one of the most anticipated annual events, where India has consistently embarked on numerous reforms bringing about structural changes. In my opinion, the Finance Minister this year rightly focussed on key factors that align with the larger vision of the government: boosting economic growth, employment generation, encouraging savings and investments, and fiscal consolidation. The government needs …

India to face challenges in meeting fiscal deficit target: Report
1 year, 10 months ago

India to face challenges in meeting fiscal deficit target: Report

Hindustan Times  

India could find it challenging to meet the fiscal deficit target of 4.5% of GDP in 2025-26, an analyst at Fitch Ratings said on Wednesday, adding that the country's sovereign rating continues to remain stable. Earlier in the day, an official at Moody's Investors Service had also said that the government's fiscal deficit target for 2025/26 could see some risks. …

Budget 2023 | No separate mention of disinvestment proceeds
1 year, 10 months ago

Budget 2023 | No separate mention of disinvestment proceeds

The Hindu  

The Budget for 2023-24 has not separately mentioned the amount that the government plans to raise from disinvestment or privatisation of state-owned companies. As per the 2023-24 Budget document, the revised estimate for miscellaneous capital receipts for the current fiscal has been pegged at ₹60,000 crore, lower than the ₹65,000 crore projected in Budget estimates for 2022-23. For the next …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
1 year, 10 months ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

Budget 2023 | Fiscal deficit to be brought down to below 4.5% by 2025-26: FM Nirmala Sitharaman
1 year, 10 months ago

Budget 2023 | Fiscal deficit to be brought down to below 4.5% by 2025-26: FM Nirmala Sitharaman

The Hindu  

Fiscal deficit would be brought down to below 4.5% by 2025-26, Finance Minister Nirmala Sitharaman said on February 1. She also said that tax receipts for the next fiscal are budgeted at ₹23.3 lakh crore and States would be allowed 3.5% of GDP as fiscal deficit. To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is …

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls
1 year, 10 months ago

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday tabled the final full Budget of the NDA-II government. At Rs 10 lakh crore, the central goverment's capex target for 2023-24 is 33 per cent higher than the Budget Estimate of Rs 7.5 lakh crore for 2022-23. This Budget provides for Rs 35,000 crore capital investment towards energy transition and net zero objective and …

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report
1 year, 10 months ago

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report

ABP News  

In just two days Budget 2023 will be presented in the Lok Sabha. According to the survey, the majority of economists expect this Budget "to steer clear of populist measures and focus on strengthening manufacturing and creating jobs." According to HSBC Holding Plc’s chief India economist Pranjul Bhandari, the nation’s path to fiscal consolidation will require a herculean effort. The …

Budget 2023 may peg gross borrowing under ₹16 trillion: Report
1 year, 10 months ago

Budget 2023 may peg gross borrowing under ₹16 trillion: Report

Live Mint  

India's federal government is likely to keep its gross market borrowing below ₹16 trillion for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The government has so far raised ₹12.93 trln up to Jan. 27, which is 91% of the overall gross borrowing target of ₹14.21 …

Budget 2023: Govt may peg lower nominal GDP growth, says report
1 year, 10 months ago

Budget 2023: Govt may peg lower nominal GDP growth, says report

India Today  

The Union Budget 2023 is just days away and Finance Minister Nirmala Sitharaman will present the plan for the next financial year at a time when India faces multiple growth challenges. Two government officials quoted in a Reuters report said the nominal GDP growth could be pegged at 11 per cent in the budget next week, marking a slowdown from …

Budget 2023: How it impacts stock market; all you need to know
1 year, 11 months ago

Budget 2023: How it impacts stock market; all you need to know

Firstpost  

Finance Minister Nirmala Sitharaman is going to announce the Union Budget 2023-24 on 1 February this year. Along with the businesses and different sectors of this country, the Budget also impacts the Indian stock market. Ridham Desai, Managing Director of Morgan Stanley India, stated that the government’s fiscal deficit target, changes to long-term capital gains tax, and spending plans can …

What India may get from this budget
1 year, 11 months ago

What India may get from this budget

Hindustan Times  

As we approach the 2023-24 Union Budget, it is difficult to deny that India’s fiscal position, the banking system, and economic recovery appear to be much better than what one may have feared in March 2020. Indeed, the improvement in India’s tax-to-Gross Domestic Product ratio, which is often attributed to an unequal recovery with larger corporations gaining market share, has …

Budget 2023: Disinvestment Target Would Be Optimistic Or Realistic
1 year, 11 months ago

Budget 2023: Disinvestment Target Would Be Optimistic Or Realistic

ABP News  

Disinvestment is an important component of the Budget. However, as expected, if the government would be able to realise Rs 0.35 lakh crore from the sale of residual stake in Hindustan Zinc, it would not miss the disinvestment target for this fiscal. In the financial year 2020-21, the government had fixed a disinvestment target of Rs 2.10 lakh crore that …

Budget likely to cap fiscal deficit at 5.8% for FY24; Centre's borrowings to rise
1 year, 11 months ago

Budget likely to cap fiscal deficit at 5.8% for FY24; Centre's borrowings to rise

The Hindu  

The Centre and States are likely to budget for higher market borrowings to the tune of ₹2.3 lakh crore next fiscal even though the Union budget may peg a lower-than-expected fiscal deficit for the Centre at 5.8% of GDP, says a report. She also expects the forthcoming budget to enhance the Centre's capex to Rs 8.5-9 lakh crore and target …

Market Borrowings of Centre, States Seen At Rs 24.4 Lakh Crore In FY2024: ICRA
1 year, 11 months ago

Market Borrowings of Centre, States Seen At Rs 24.4 Lakh Crore In FY2024: ICRA

News 18  

The government will peg its fiscal deficit in the FY2024 Budget Estimates at 5.8 per cent of the GDP, a healthy moderation from the 6.4 per cent of GDP projected for FY2023, according to a report by ratings agency ICRA. Aditi Nayar, chief economist and head of ICRA, said, “With a global growth slowdown looming large, the FY2024 Union Budget …

What will be the math behind Budget 2023?
1 year, 11 months ago

What will be the math behind Budget 2023?

Live Mint  

In the upcoming Union budget, the Centre will make prudent promises as always about keeping its finances in check. That’s changed: a fresh estimate released on Friday predicts growth at 15.4%, which means the Centre can keep its 6.4% promise even if fiscal deficit overshoots the target by about ₹0.9 trillion. View Full Image Mint Fiscal Hole In its budget …

India's April-November 2022 Fiscal Deficit Hits 58.9% Of Full-FY23 Target; Details Here
1 year, 11 months ago

India's April-November 2022 Fiscal Deficit Hits 58.9% Of Full-FY23 Target; Details Here

News 18  

India’s fiscal deficit during April-November 2022 stood at Rs 9.78 lakh crore, or 58.9 per cent of the full-financial year target, according to the latest official data released on Friday. According to the latest data from the Controller General of Accounts, the Centre’s total expenditure during April-November 2022 stood at Rs 24,42,787 crore, which is 61.9 per cent of the …

Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report
2 years ago

Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report

ABP News  

The Narendra Modi government is expected to remain on the path of fiscal consolidation in the last full Budget before the 2024 elections. According to the survey, more than 80 per cent of the economists said that fiscal consolidation was likely to be the dominant theme in the budget to be announced on February 1. But the pandemic severely affected …

India's Fiscal Deficit At Rs 7.58 Lakh Crore In April-October 2022; 45.6% Of Full-Year Target
2 years ago

India's Fiscal Deficit At Rs 7.58 Lakh Crore In April-October 2022; 45.6% Of Full-Year Target

News 18  

India’s fiscal deficit during April-October 2022 stood at Rs 7.58 lakh crore, or 45.6 per cent of the full-fiscal target, according to the official data released on Wednesday. During April-September 2022, the central government’s fiscal deficit had touched 37.3 per cent of the full-year target or Rs 6.19 lakh crore. The fiscal deficit in FY2023 is unlikely to exceed the …

Budget 2023: Govt Asks Citizens To Send Suggestions, Ideas Through My Gov Portal. Check Details
2 years ago

Budget 2023: Govt Asks Citizens To Send Suggestions, Ideas Through My Gov Portal. Check Details

ABP News  

In a bid to seek suggestions and ideas from the public, the government has invited ideas and suggestions for the upcoming Union Budget 2023-24 which will be presented in February next year. Steps To Submit Suggestions Firstly, visit My Gov portal and search inviting ideas and suggestions for Union Budget 2023-24 Login to the account via OTP. Govt targets to …

India could trim spending for first time in 3 years: Report
2 years, 1 month ago

India could trim spending for first time in 3 years: Report

Live Mint  

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, amid a push to meet a fiscal deficit target of 6.4% of gross domestic product. Total expenditure for the 2022/23 fiscal year that started on April 1 could come in …

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 …

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