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fiscal deficit: Govt can do better than 6.8% fiscal deficit this year but spending push may be priority: Saugata Bhattacharya

“The Govt could probably even better it (fiscal deficit), but I have a feeling they will not and instead choose to spend any additional revenues to support the revival process. I am also fairly confident that they are not going to overshoot their borrowing target. The Centre has been communicating this repeatedly, they are not going to overshoot,” says Saugata Bhattacharya. ....

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Expecting Economic Recovery From July, COVID-19 To Not Impact Fiscal Deficit Target: Chief Economic Advisor

The economy contracted by a record 7.3 per cent in the financial year 2020-21 due to COVID-19, registering its worst pace in over four decades. according to government data ....

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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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India Fiscal deficit: India's FY22 fiscal deficit target slightly wider than expected: Moody's analyst

Synopsis
India s finance minister, Nirmala Sitharaman, set a fiscal deficit target of 6.8% of GDP for the year ending March 2022, while for the current financial year it is estimated to jump to 9.5% - nearly thrice the government s target of 3.5% set before the pandemic struck.
Reuters
The government also said it aims to bring down the fiscal deficit to 4.5% of GDP by 2025/26.
MUMBAI: Moody s Investors Service, while silent on the sovereign rating on the higher-than-expected fiscal deficit numbers, expressed doubts over attaining the higher revenue targets and divestment realisation as assumed in the Budget.
The Union Budget 2021-22 has pegged a fiscal deficit of 9.5 per cent for the current financial year as against the consensus 7 per cent, and 6.8 per cent for 2021-22 with a market borrowing of around Rs 12 lakh crore. It also assumes Rs 1.75 lakh crore to be scooped up from divestment. ....

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