India's fiscal deficit

Fiscal deficit, which is the difference between the total expenditure and revenue of the government, is an indication of the total borrowings that are needed by the government. (Photo: iStock)The central government's net tax revenue stands…

MUMBAI: The rupee pared all its initial gains to settle lower by 3 paise at 81.82 (provisional) against the US currency on Friday amid a strong greenback overseas.However, the strong sentiment in the domestic equities market restricted the…

India’s fiscal deficit is likely to come around 6.5 per cent of GDP in the current financial year 2022-23, compared with the budget estimate of 6.4 per cent, according to a report by SBI Research. It has also revised upwards its current…

India’s fiscal deficit hit 21.2 per cent of the annual target in the June 2022 quarter, compared with 18.2 per cent in the year-ago period. In actual terms, the fiscal deficit stood at Rs 3.51 lakh crore at the end of the first quarter of…

India’s fiscal deficit during April-May hit Rs 2,03,921 crore, or 12.3 per cent of the target for the entire current financial year, mainly due to higher expenditure, according to official data. The total receipts at the end of May stood at…

India’s fiscal deficit for the financial year 2021-22 stood at Rs 15,86,537 crore (provisional), or 6.71 per cent of the gross domestic product (GDP), which is lower than the 6.9 per cent deficit estimated in the revised Budget Estimates,…