India Economics - Revisiting Fiscal Deficit Forecast For FY22: CARE Ratings

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CARE Ratings Research Report.The central government finances have been fairly stable so far despite the pandemic led disruptions during the first quarter of FY22. Data for the first five months (April – August) suggest that tax revenue collections have been robust. Non-tax revenue also got a boost with higher than budgeted surplus transfer by the Reserve Bank of India.However, some upside risks to the fiscal deficit still exist on account of recently announced telecom sector package, relief measures announced in June 2021 and underachievement of disinvestment targets. The Central government has budgeted a fiscal deficit of 6.8% for FY22. This target is unlikely to be met given the additional expenditure requirements under the relief measures announced by the government. This report underlines the impact of these announcements on the fiscal deficit.Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India Economics - Revisiting Fiscal Deficit Forecast For FY22: CARE Ratings

India Economics - Revisiting Fiscal Deficit Forecast For FY22: CARE Ratings

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