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India's April-January fiscal deficit hits 66.8% of full-year target

India s April-January fiscal deficit hits 66.8% of full-year target
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India s April-January fiscal deficit hits 66.8% of full-year target
Reuters / Feb 26, 2021, 17:00 IST
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NEW DELHI: India s fiscal deficit in the 10 months to end-January stood at Rs 12.34 lakh crore ($167 billion), or 66.8% of the revised budgeted target for the whole fiscal year, government data showed on Friday.
Net tax receipts were Rs 11.02 lakh crore, while total expenditure was Rs 25.17 lakh crore, the data showed.
On February 1, the government revised its fiscal deficit target for the current year that runs through March to 9.5% of gross domestic product (GDP), instead of its original target of 3.5% of GDP as the coronavirus pandemic lead to lower tax collection and higher spending. ....

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Budget 2021: India Pegs FY22 Fiscal Deficit At 6.8%

Budget 2021: India Pegs FY22 Fiscal Deficit At 6.8%
Feb 01 2021, 7:45 PM
February 01 2021, 11:43 AM
February 01 2021, 7:45 PM
Indiaâs fiscal deficit for the ongoing financial year will the highest since at least liberalisation in 1991.The countryâs fiscal deficit settled at 9.5% in 2020-21 and will be targeted at 6.8% in 2021-22, Finance Minister Nirmala Sitharaman announced in her Budget 2021 speech.The central government had pegged the fiscal deficit at 3.5% for FY21 in the last budget before the onset of the Covid-19 crisis. The pandemic inflicted twin p.
Indiaâs fiscal deficit for the ongoing financial year will the highest since at least liberalisation in 1991.
The countryâs fiscal deficit settled at 9.5% in 2020-21 and will be targeted at 6.8% in 2021-22, ....

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FY21 fiscal deficit seen at 7.8% of GDP: CARE Ratings

FY21 fiscal deficit seen at 7.8% of GDP: CARE Ratings
The funding of the deficit is primarily going to be via market borrowing, National Small Savings Funds (NSSF), short term borrowings and drawdown of cash balances
Niti Kiran | January 13, 2021 | Updated 21:14 IST
A combined effect of lower revenues and higher expenditure is likely to push the fiscal deficit to 7.8 per cent of GDP during FY21, projects CARE Ratings, keeping with the first advance estimate of GDP for FY21 and expectations on the finances of the government. However, this could widen to 8.4 per cent of GDP on adding the amount borrowed for GST compensation to the states. The rating agency had earlier estimated the fiscal deficit at around 9-9.5 per cent of GDP during FY21 based on assumptions on nominal GDP growth and various combinations of revenue loss and increase in expenditure. ....

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