deficit

• Business News

US budget deficit hits all-time high of $864 billion in June

5 years ago Mitchell

The Treasury Department reported Monday that the deficit hit $864 billion last month, an amount of red ink that surpasses...

• Business News

Govt may need RBI’s help to fund budget as deficit spikes sharply: Report

5 years ago Mitchell

With the fiscal deficit already touching as high as 7 per cent of the GDP, the government has little room...

• Business News

Exports fall 36.47{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in May, trade deficit narrows to USD 3.15 billion

5 years ago Mitchell

Contracting for the third straight month, India's exports declined 36.47 per cent in May to USD 19.05 billion, mainly on...

• Business News

Fiscal deficit widens to 4.6{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} of GDP in 2019-20 on account of poor revenue realisation

5 years ago Mitchell

Finance Minister Nirmala Sitharaman while unveiling the budget in February pegged the fiscal deficit for 2019-20 at 3.8 per cent....

• Business News

Covid-19 aftermath: Exports plunge by record 60.28{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in April in India, trade deficit lowest in 4 years

5 years ago Mitchell

Contracting for the second straight month, India's exports shrank by a record 60.28 per cent in April to USD 10.36...

• Business News

Pakistan’s deficit, poverty rate to soar due to coronavirus: Report

5 years ago Mitchell

Pakistan's fiscal deficit will be significantly worse than projected this fiscal year, with the fallout from the novel coronavirus pandemic...

• Business News

RBI chief says ‘very challenging’ to meet FY21 fiscal deficit target

5 years ago Mitchell

Meeting India’s fiscal deficit target in the current financial year is going to be challenging and the central bank has...

• Business News

Meeting India’s fiscal deficit target in the current financial year is going to be challenging and the central bank has not yet made a decision on its monetisation, the Reserve Bank of India (RBI) Governor Shaktikanta Das said. India has spent more than a month in a nationwide lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 infections and 824 deaths, among 2.97 million cases worldwide. “Fiscal measures are important and the government is working on a package of measures,” Das, the central bank chief, told news agency Cogencis in an interview published on Monday. Das said he expected the government to take a judicious and balanced call on the question of the fiscal deficit, while tackling the challenges arising from the pandemic. “Meeting the fiscal deficit target of 3.5 per cent this year (2020/21) is going to be very challenging, and going beyond it becomes unavoidable,” he said, adding that direct tax collections may also be hit. Das did not reply specificall

5 years ago Mitchell

Meeting India’s fiscal deficit target in the current financial year is going to be challenging and the central bank has...