Search For "fiscal deficit"
Reducing fiscal deficit without weakening growth to be key focus for Budge
Updated : 1 month, 2 weeks ago IST
India's fiscal deficit is budgeted at 4.4% of GDP in FY26, and policymakers are expected to signal a further consolidation to around 4.0% in FY27, EY said. However, slower-than-expected nominal GDP growth and subdued tax collections have narrowed the room for manoeuvre.
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States' fiscal deficit increases to 3.3% in 2024-25, after remaining below
Updated : 1 month, 2 weeks ago IST
States' consolidated gross fiscal deficit increased to 3.3 per cent of gross domestic product (GDP) in 2024-25, after remaining below 3.0 per cent during the previous three consecutive years, Reserve Bank's annual publication "State Finances: A Study of Budgets" noted.
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India Inc optimistic about India's growth prospects ahead of Budget: FICCI
Updated : 1 month, 2 weeks ago IST
A survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) found strong optimism across industry in India, with nearly 80 per cent of respondents expressing confidence in the country's growth prospects.
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Budget 2026: FM to refrain further fiscal consolidation, likely to maintai
Updated : 1 month, 2 weeks ago IST
The Finance Minister, in the upcoming Union Budget 2026, is likely to refrain from further fiscal consolidation in FY27, according to a report by Nuvama.
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Centre likely to prioritise debt consolidation, capex push in Budget 2026:
Updated : 1 month, 3 weeks ago IST
The government is likely to prioritise medium-term debt consolidation while sustaining a strong push for capital expenditure in the upcoming Union Budget for 2026-27, according to pre-Budget expectations outlined by rating agency ICRA.
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India's net direct tax collections in FY26 rise, grow 8.82% to Rs 18.38 la
Updated : 2 months ago IST
India's net direct tax collections for the financial year 2025-26 have recorded a strong growth of 8.82 per cent, reaching Rs 18.38 lakh crore as of January 11, 2026, compared with Rs 16.89 lakh crore collected during the same period last year, according to official data released by the Inco
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Union Budget 2026 likely to set 9% growth target for next year, increase c
Updated : 2 months ago IST
The Union Budget 2026 is likely to set 8.5-9% growth for next year and increase capital expenditure to Rs 12-12.2 lakh crores, said Sonal Badhan, Economist at Bank of Baroda.
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Union Budget 2026 to focus on fiscal deficit, debt goals under Viksit Bhar
Updated : 2 months ago IST
Dev said India has made steady progress on fiscal consolidation since the pandemic with the fiscal deficit reducing from about 9% during the COVID period to around 4.8% this year
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Fiscal deficit widens to Rs 9.77 lakh crore in April-November FY26, surge
Updated : 2 months, 1 week ago IST
India's fiscal position during the April-November period of FY26 indicates that concerns over lagging tax revenues and adherence to the full-year budget targets have resurfaced, even as the government continues to prioritise capital expenditure-led growth, as per a report by Union Bank of
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Italian PM Giorgia Meloni warns her staff that 2026 will be "much worse" t
Updated : 2 months, 2 weeks ago IST
Meloni's statement reflects the challenges Italy faces, including economic growth, public debt, and labour market issues. The government's 2026 budget aims to lower the fiscal deficit to 2.8% of GDP, while addressing tax hikes and social contributions.
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Falling crude prices, surplus services exports & steady remittance to keep
Updated : 2 months, 2 weeks ago IST
Falling crude oil prices, a surplus in services exports and steady remittance inflows are expected to prevent India's current account deficit (CAD) from widening sharply, even as goods exports face pressure from global headwinds, according to a report by Crisil.
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Despite tax short-fall, Govt on track to meet fiscal deficit and CAPEX tar
Updated : 3 months, 1 week ago IST
The government is on track to meet the fiscal deficit and capital expenditure (CAPEX) targets for the current financial year, supported by strong non-tax revenue inflows and front-loaded spending across key sectors, according to Ranen Banerjee, Partner and Economic Advisory Leader at PwC
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