Search For "fiscal position"
With better fiscal health, fresh borrowings now used for past interest obl
Updated : 1 month, 3 weeks ago IST
The Economic Survey of India tabled in Parliament on Thursday highlighted a steady improvement in the Centre's fiscal position, noting that fresh government borrowings are now increasingly being used to service past interest obligations rather than to finance current spending.
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Fiscal deficit widens to Rs 9.77 lakh crore in April-November FY26, surge
Updated : 2 months, 3 weeks 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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RBI's dividend transfers to ease near-term deposit accretion woes; Medium-
Updated : 1 year, 10 months ago IST
This transfer, coupled with the subsequent government spending, will bolster the central government's fiscal position, enabling potential additional spending or fiscal consolidation.
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APAC braces for soaring electricity demand amid energy transition focus
Updated : 2 years, 3 months ago IST
Governments in the region are expected to intensify efforts in transitioning to clean energy, leveraging policy initiatives, sectoral reforms, innovative technologies, cost-effectiveness, and green financing, despite challenges posed by stretched fiscal positions.
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Pakistan’s debt servicing heads towards record PKR 8 trillion as interest
Updated : 2 years, 6 months ago IST
The fiscal year 2023–24 will mark the first time when practically every month of the current fiscal year, federal revenue receipts will be less than what is needed to pay for servicing domestic and international debt. Since the fiscal position will only become worse, there will be more serio
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China's local governments finding it difficult to service debt as fiscal p
Updated : 2 years, 9 months ago IST
According to S&P Global Ratings analysts, local government direct debt exceeded 120 per cent of revenue in 2022.
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Cash-strapped Pakistan government squanders money on image-building
Updated : 2 years, 10 months ago IST
The current fiscal year is nearing its end with extraordinarily tight fiscal positions and the austerity policy of the PDM government in Pakistan, but discretionary spending on development schemes for constituencies of parliamentarians of the coalition partners and publicity continues to gro
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Fitch revises outlook on India to 'stable' from 'negative'
Updated : 3 years, 9 months ago IST
New Delhi [India], June 10 (ANI): Fitch Ratings on Friday revised its outlook on India's long-term foreign currency Issuer Default Rating (IDR) to "Stable" from "Negative" citing diminished downside risks to medium-term growth.
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Excise duty rates on petrol, diesel calibrated to generate resources for i
Updated : 4 years, 8 months ago IST
New Delhi [India], July 20 (ANI): Minister of State for Finance Pankaj Chaudhary on Tuesday said that the excise duty rates on petrol and diesel have been calibrated to generate resources for developmental items of expenditure keeping in view the present fiscal position.
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S&P downgrades Sri Lanka to CCC-plus on fiscal deterioration
Updated : 5 years, 3 months ago IST
Singapore, December 11 (ANI): S&P Global Ratings on Friday lowered its long-term foreign and local currency sovereign credit ratings on Sri Lanka to CCC-plus from B-minus.
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Institutional constraints are credit negative for many Indian issuers: Moo
Updated : 5 years, 9 months ago IST
Singapore, June 5 (ANI): Moody's Investors Service has said India's policymaking institutions will encounter challenges in enacting and implementing policies which effectively mitigate the risks of a sustained period of relatively low growth.
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Coronavirus to weaken sovereign fiscal positions: Fitch Ratings
Updated : 6 years ago IST
Hong Kong, Mar 18 (ANI): The economic impact of coronavirus combined with associated policy responses is likely to result in a higher-than-average number of sovereign rating actions in 2020 and a more pronounced downward bias in sovereign rating changes than in any year since the aftermat
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