वित्त मंत्रालय के तहत एक स्वायत्त अनुसंधान संस्थान

 

DOING THE MATH: IT'S TAX BUOYANCY THAT SHRANK THE DEFICIT

06/05/2024

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Against the backdrop of geopolitical uncertainties and war, the finance minister has strictly adhered to the macroeconomic stabilization function of the government in the interim budget 2024, with fiscal deficit-to-Gross Domestic Prod- uct (GDP) ratio pegged at 5.1% in FY25. She announced that the revised estimate of fiscal deficit-GDP ...

The uses of running a deficit

06/05/2024

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GROWTH STRATEGY. An interplay of fiscal and monetary policy would be needed to serve developmental goals.

 

The predominant narrative of the Interim Budget 2024 is the macroeconomic stabilisation function of a government in times of poly-crisis. The Finance Minister has reiterated that the fiscal consolidation is the primary instrument ...

Leave No One Behind: The philosophy underpinning the Interim Budget

06/05/2024

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The Finance Minister has articulated her budget as a “humane” budget with fiscal consolidation as a primary consideration. A “beyond GDP” emphasis is welcome, incorporating the widening inequalities, climate change concerns and human capital formation.
 
Beyond the headline fiscal deficit number to GDP ratio pegged at 5.1 percent ...

Union Budget 2024: Amid global headwinds, there is no room for irrational expectation

06/05/2024

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The fiscal deficit target for FY25 in the midst of weaker nominal GDP growth and disinvestment shortfall will be below 6 percent, slightly around 5.2-5.5 percent. This fiscal glide path is crucial to reach the 4.5 percent fiscal deficit to GDP by 2025-26 .
 
Against the backdrop ...