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Difficult for government to maintain 3.4% fiscal deficit in 2019-20: Moody's

Monday, February 4, 2019, 7:21 AM

The government will find it difficult to meet the fiscal deficit target of 3.4% in 2019-20 on account on higher spending and low revenue growth, Moody's Investors Service said. Observing that Indian government's debt is "stubbornly high" as-a-percentage of GDP, Moody's Investors Service Managing Director, Sovereign Risk Group, Gene Fang said it could be brought down only if Centre sticks to fiscal consolidation path.
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Govt may meet fiscal numbers this year: Report

Wednesday, January 30, 2019, 7:57 PM

Taking a contrary stance from peers, economists at SBI Research see the government meeting the fiscal targets this year and same is likely to pegged at Rs.6.72L crore of GDP next fiscal-year, assuming a moderate nominal GDP growth of 11.7%, says a report. "We are expecting minimum buybacks in FY20 as government may be carrying forward a minimal cash balance into FY20," it said.
 
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Government set to miss fiscal deficit target by a full 40 bps: Report

Friday, January 25, 2019, 8:54 PM

The government is set to breach the fiscal deficit target yet again by 40 bps for 2018-19, and raise the target to 3.5 percent for next fiscal in the forthcoming budget that may be skewed towards the rural economy, says a foreign brokerage report. In a note Friday, Bank of America Merrill Lynch, however, said the fiscal "risks are overdone".