Fiscal deficit projected at 6.8% of GDP; revenue deficit estNirav Pankaj ShahEmail thisPrint this
Capex spending up, revenue spending down in December: Centralgovernment expenditure was up +5.8%YoY in December and+6.3%YoYFYTD (below the BE of 8% YoY for FY16). Looking at the breakup,capital expenditure remained buoyant, growing by +50%YoY in Decemberand +33.5%YoY FYTD (above BE of ...
Fiscal deficit is referred to as the difference between the total revenue earned and total expenditures incurred by a country in a fiscal year. Learn more here
A fiscal deficit is a situation in which the approved expenditures of a government are more than the amount of revenue that's...
However, in normal times, the government’s effort should try to achieve a “zero-deficit” as much as possible, so as not to impose an extra burden on the fiscal revenue. A healthy budget is a useful signal to a number of economic indicators, including investment and other growth-...
On Thursday, the Treasury unveiled a plan for new revenue measures, if necessary, to ensure compliance with the year’s fiscal target of eliminating the primary deficit. I’ll make a simple prediction. When the dust settles, the Brazilian people will be saddled with more taxes, more spending...
s researchers understand. After the financial collapse, the domestic private sector moved sharply to a large surplus (which is what it normally does in recession), the current account deficit fell (as consumers bought fewer imports), and the budget deficit grew mostly because tax revenue collapsed...
A fiscal deficit refers to the shortfall in a government's revenue compared to its spending during a certain period. When a country runs a fiscaldeficit, it means the government spends beyond its means. Fiscal deficits are calculated either as a percentage of a country'sgross domestic product ...
The U.S. federal budget deficit for fiscal year 2024 is $1.9 trillion. Total government spending for fiscal year 2023 was $6.13 trillion, according to the U.S. Treasury. Total revenue was $4.44 trillion.1 Biden's 2022 fiscal year budget centered around theAmerican Jobs Plan, a comprehensive...
Pursuit of Fiscal Deficit Target Will Hit Growth ; Chances Are Next to Nil That the Revenue Targets Can Be Met. Further, the Central Government Has Rarely Succeeded in Meeting Disinvestment Targets and Some Slippage Is Quite LikelySrivastava, Dk...