Difficult measures ahead to curb fiscal deficit: Fadnavis

 Maharashtra Chief Minister Devendra Fadnavis today said that "difficult measures" would be taken in the near future to check the fiscal deficit.

Nagaland seeks special grant from Centre

The Nagaland government has sought a special grant from the Centre to wipe off the huge amount of fiscal deficit to enable the state to move ahead towards development.

Rajasthan`s fiscal deficit worsened in Cong regime: Vasundhara Raje

Newly-elected Rajasthan Chief Minister Vasundhara Raje on Monday asserted that improving the state`s economy will be her top priority, saying fiscal situation had worsened in the previous Congress regime with the deficit touching 2.48 per cent of GDP in 2013-14.

Rajnath expresses concern over increasing fiscal deficit

Expressing concern over increasing fiscal deficit in the country, BJP president Rajnath Singh on Tuesday said after the implementation of Food Security Act the Current Account Deficit (CAD) may touch "alarming dimensions".

Goa`s fiscal deficit due to Congress misgovernance: Parrikar

Goa Chief Minister Manohar Parrikar took on the opposition benches on Thursday for claiming that the fiscal deficit in the state budget was due to misgovernance by the erstwhile Congress government.

Don`t start taking sleeping pills: Jaswant to Pranab

"Do not start consuming sleeping pills," this was the advice of former finance minister Jaswant Singh to the present incumbent in Finance Ministry.

Fiscal deficit may come in at 6.41 percent

A change in the base year used to calculate gross domestic product may help reduce fiscal deficit for 2009-10 to 6.41 percent of GDP, chief statistician Pronab Sen said.

Obama to call for partial budget freeze

President Barack Obama will Wednesday call for a three-year partial freeze on spending that would save 250 billion dollars over a decade, in a bid to show he is serious about cutting the huge deficit.

Fiscal deficit rises by 73% till Nov

The fiscal deficit rose by 73
per cent to Rs 3.06 lakh crore in the first eight months of
the fiscal against Rs 1.77 lakh crore a year ago, as the
Government cut taxes and stepped up expenditure to stimulate
the economy.

‘China`s fiscal deficit to fall in 2010’

China`s fiscal budget deficit will shrink next year as government spending declines with a paring back of stimulus efforts, while bank lending is also set to fall, influential former lawmaker Cheng Siwei said on Saturday.

Govt to cut fiscal deficit to 3% after FY12: Pranab

The government will bring down its fiscal deficit to 3 percent of gross domestic product after fiscal year 2011/12, Finance Minister Pranab Mukherjee told parliament on Tuesday.

Fiscal deficit to remain within target of 6.8%: Pranab

Buoyed by the robust performance
of economy during the second half of the 2009-10, Finance
Minister Pranab Mukherjee on Monday said fiscal deficit would not
exceed the target of 6.8% of the Gross Domestic
Product (GDP).

FM says ample liquidity in system, fiscal deficit in line

The government on Friday said the 65
per cent rise in its borrowings this fiscal would not affect
affect resources for the private sector.

India can`t handle high fiscal deficit for long: Pranab

Finance Minister Pranab Mukherjee has
said that India will not be able to sustain high fiscal
deficit in the long run, but he did not give any timeframe for
withdrawing the stimulus measures that inflated the deficit.

Stimulus effect: Fisc deficit up at Rs 1.97 lakh cr till Sept

The government`s fiscal deficit rose 92 percent to Rs 1.97 lakh crore in six months ending September mainly on account of higher spending and revenue sacrifices made to prop up the economy.

Fiscal worries: Govt to focus on priority schemes

Pranab Mukherjee has asked the financial advisors of different ministries to focus on the govt`s priority sector schemes and ensure that public expenditure remains within the budgetary limits in order to contain fiscal deficit.

Drought stretches budget; more borrowing unlikely

A poor monsoon threatens to worsen India`s already steep fiscal deficit as it spends on food imports and relief for farmers.

US deficit estimate to be trimmed to $1.58 tr

The Obama administration will trim its budget deficit forecast for fiscal 2009 to USD 1.58 trillion, after scrapping money earmarked for bailing out more banks, officials said on Wednesday.

Britain may default on debt: Opposition

Britain`s record level of borrowing during the recession could lead the government defaulting on its debt, media reports said on Wednesday quoting Conservative leader David Cameron.

Narrowing fiscal deficit relevant for stabilisation: RBI

At a time when fiscal deficit is
burgeoning at 6.8 per cent of GDP, an occasional paper from
the RBI says narrowing the deficit is relevant for
stabilisation as money supply expansion leads to inflation.