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Public finances News

29 Jul 2016

Fiscal deficit zooms to 61% of BE in April-June quarter

The state of public finances showed some deterioration with the fiscal deficit crossing 61 percent of the Budget Estimates in the first quarter of 2016-17, on higher expenditure and subdued realisation of non-tax revenues.

22 Jun 2015

Weak public finances strain India's rating upgrade: Fitch

Government's reform initiatives have unlocked Indian "economy's dynamism" but weak public finances continue to remain a strain on any rating upgrade, global ratings firm Fitch said on Monday.

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