The Modi government will once again resort to off-budget financing to meet their fiscal deficit targets for FY19. With less than a week to go for the interim budget, top sources indicate that the government could very well be staring at a revenue shortfall of close to Rs 1.5 lakh crore on account of shortfall in GST collections. Off-budget financing or non-budgetary means are used by successive governments to meet the fiscal targets. ET Now's Ruchi Bhatia share more details. Listen-in!!!.
The Modi government will once again resort to off-budget financing to meet their fiscal deficit targets for FY19. With less than a week to go for the interim budget, top sources indicate that the government could very well be staring at a revenue shortfall of close to Rs 1.5 lakh crore on account of shortfall in GST collections. Off-budget financing or non-budgetary means are used by successive governments to meet the fiscal targets. ET Now's Ruchi Bhatia share more details. Listen-in!!!
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On February 1, the Narendra Modi-led government will present its last budget. This year when Piyush Goyal, the interim finance minister, opens his briefcase which carries the Budget papers, he will be expected to dole out some goodies. Will Modi govt be able to meet its fiscal target? ET NOW's Ruchi Bhatia has more on this, listen-in!!!
News video | 872 views
Living beyond your means can ruin your budget. Same goes for the country. Mythili Bhusnurmath, Consulting Editor, ET Now helps you to understand the term Fiscal Deficit and how it has a deep impact on the way national resources are used by the government of the day. Watch now.
News video | 1769 views
Siddhartha Khemka, Head of Retail Research at Motilal Oswal Securities believes there is limited flexibility for the government to go overboard on its spending plans in Budget 2018.
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Watch Govt may postpone fiscal deficit target of 3% for FY19 by one year- Siddhartha Khemka With HD Quality
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In his interim Budget speech, Union Minister Piyush Goyal pegged the fiscal deficit of the year 2019-20 at 3.4 per cent of the GDP. He also claimed that the government has maintained the glide path towards the target of 3 per cent of fiscal deficit to be achieved by 2020-21. How much of it is tenable? Swaminathan Aiyar, Consulting Editor, The Economic Times explains.
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Watch Fiscal deficit target tenable? Swaminathan Aiyar explains | BUDGET 2019 | Economic Times With HD Quality
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Finance Minister Nirmala Sitharaman Friday lowered the fiscal deficit target to 3.3 per cent for the current fiscal from the earlier estimate of 3.4 per cent of the GDP. 'The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent,' she said while presenting Budget for 2019-20. While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent. (Text: PTI)
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Watch Budget 2019: Fiscal deficit target lowered to 3.3% for FY20 With HD Quality
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Watch Union budget: Budget 2013 Live - Fiscal deficit for 2012-13 estimated at 5.2 per cent: Chidambaram Video.
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India's fiscal deficit in May stood at 3.66 trillion rupees ($53.04 billion), or 52% of the budgeted target for the current fiscal year, government data showed on Friday.
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Watch India's fiscal deficit hits 52% of budgeted target in first 2 months of 2019/20 With HD Quality
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Fiscal deficit in last 3 years of UPA rule was 5.9%, 4.9% & 4.5%, while under BJP rule it came down to 4.1% in the first year, 3.9% in second and 3.5% in the third: FM Shri Arun Jaitley #ParalysisToProsperity
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India's April-November fiscal deficit stood at 7.17 lakh crore ($101.93 billion), or 114.8 percent of the budgeted target for the current fiscal year, government data showed on Thursday.
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