Government Finances
Latest news, explainers and analysis on Government Finances. Tracking 2 stories on Arth Vani.
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Latest on Government Finances
Centre's Fiscal Deficit Hits 26.8% of Target in April-July FY27
India's central government reported its fiscal deficit for April-July FY27 reached 26.8 percent of the full-year budget estimate, a slight improvement over the previous year. This performance was driven by faster growth in total receipts compared to expenditure, indicating stable fiscal management. Capital expenditure also saw a significant surge during this period.
Rising DAP & MOP Import Prices Strain India's Fertilizer Subsidy Bill Beyond FY27 Estimates
India's fertilizer subsidy bill is under significant pressure due to a sharp increase in global import prices for key nutrients, Di-ammonium Phosphate (DAP) and Muriate of Potash (MOP). This rise is more than offsetting the decline in urea prices, pushing the subsidy expenditure beyond the estimated budget for the fiscal year 2027 and straining government finances.
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