Fiscal Deficit News
India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India.
1 min read2 Dec 2024India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
India’s April-October fiscal deficit: The central government’s total expenditure in the seven months through October stood at Rs24.7 trillion or 51.3% of budget estimate
2 min read29 Nov 2024Peru budget watchdog flags risks posed by ’out of control’ deficit
PERU-ECONOMY/:Peru budget watchdog flags risks posed by ’out of control’ deficit
1 min read10 Oct 2024Milei’s Veto Prevails as Argentina’s Congress Pivots on Key Bill
Argentine President Javier Milei’s veto of legislation that would have increased social security spending prevailed Wednesday after government lobbying efforts chipped away at the measure’s support.
1 min read12 Sep 2024Petro Plans More Tax Hikes on Wealthy Colombians and Carbon
Colombia’s government is proposing new tax increases on wealthy individuals, gambling platforms and carbon emissions to rein in the fiscal deficit without cutting social programs.
2 min read11 Sep 2024Chile Finance Minister Marcel Says 2025 Budget Comes With Big Deficit Cut
Chile’s Finance Minister Mario Marcel said the government is pressing ahead with its plan to halve the fiscal deficit next year, even as it faces spending pressure to fight crime and fund social programs.
3 min read10 Sep 2024Mint Primer | The 3% fiscal deficit target: Is it sacrosanct?
The government says there is no scientific basis to the 3% target. A slightly higher deficit would actually help the economy grow faster. It will also provide the Centre with enough fire power when a crisis such as the pandemic strikes.
2 min read13 Aug 2024India’s Q2 fiscal deficit at 8.1% of FY25 target
In actual terms, the fiscal deficit—the gap between expenditure and revenue—stood at ₹1.36 trillion during the April-June 2024 quarter, against ₹4.51 trillion in the corresponding period of the previous year.
3 min read31 Jul 2024Geithner Sees ‘Dark Shadows’ for Next President, Warns on Dollar
The two US Treasury secretaries who navigated the nation through the global financial crisis said the next administration will inherit a vibrant economy with “dark” challenges, calling on politicians to address the fiscal deficit and safeguard market competition.
3 min read31 Jul 2024Debt, not deficit: Aim for more clarity in India’s next-generation of fiscal rules
We need a fiscal council to offer independent estimates of the public debt trajectory if this measure is to act as the country’s new anchor of fiscal policy.
4 min read30 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared