Union Government Revenue Analysis-Budget 2023-24
For FY24,income tax has been estimated to grow by 10.5% while corporation tax to rise by 10.50% during FY24 over the revised estimate for FY23. Rs 510 billion of collection from disinvestment has been kept as target for next fiscal year.
Dated 1 Feb 2023
By Team INRBonds
Fiscal deficit soared to 9.5% for FY21 while it has been set at 6.8% for FY22
Owing to higher government borrowing in FY21 to mitigate impact of Corona crisis, fiscal deficit for FY21 surged to 9.5% of GDP as per revised estimation. For next fiscal year it has been pegged at 6.8% of GDP.
Dated 1 Feb 2021
By Team INRBonds
Government Expenditure Budget
In fiscal 2020-21, total expenditure is budgeted at Rs 30.42 trillion, posting an increase of 12.7% over fiscal 2019-20.In fiscal2020-21, the total expenditure of the Government is estimated to be at 13.52% of GDP while it was 15.8% of GDP in fiscal 2009-10.
Dated 12 Feb 2020
By Team INRBonds
Net Borrowing of Rs 4.3 tm and Gross of Rs 6.4 tm Expected in Budget 2018-19 – Fiscal Deficit & Government Borrowing 2017-18
The government has overshot it’s budgeted borrowing for fiscal 2017-18 by RS 200 billion for this fiscal year, taking up gross borrowing to Rs 6000 billion.
Dated 25 Jan 2018
By Team INRBonds
Strong Optics of Rise in Capex – Expenditure Budget 2017 -18
The Union Budget 2017-18 presented by the FM Arun Jaitley to the Parliament on the 1st of February saw the government deliver a good expenditure budget, with increase in capital expenditure and keeping down overall expenditure.
Dated 2 Feb 2017
By Team INRBonds
Budget 2017-18 – Largely Positive for markets but Fed Policy will determine trends
The Union Budget 2017-18 presented by the FM to the parliament today on the 1st of February 2017 is a pragmatic budget though the question of how the government will achieve lower fiscal deficit target remains.
Dated 1 Feb 2017
By Team INRBonds
Economic Survey 2015-16 -RBI to ease Policy, Recapitalize Bank and Buy Gsecs????
The Economic Survey 2015-16, which was tabled in the Parliament today, the 26th of February 2016, enumerates the challenges faced by the Indian economy in a period of high global economic turbulence.
Dated 26 Feb 2016
By Team INRBonds
Fiscal Deficit-Falling inflation Levels creates headache for the Government in managing the Fiscal deficit
The fact that the government fiscal deficit as a percentage of GDP has come down over the last three years does not mean the absolute levels of fiscal deficits is down.
Dated 22 Feb 2016
By Team INRBonds
Understand the Union Budget 2016-17 Part 2 -Receipt Budget -Government is likely to fall fall short of its of its Non Tax Revenue targent in fiscal 2015-2016
Non Tax Revenue that contributes around 20% of total central government revenues is likely to miss targets in this fiscal year.
Dated 19 Feb 2016
By Team INRBonds
Railway Budget 2015-16 and its Impact on Union Budget 2015-16
The Railway Budget impact on government budget is a total of Rs 416.45 billion.
Dated 26 Feb 2015
By Team INRBonds
Understand the Union Budget 2015-16 – Part 2 Receipt Budget
India’s revenue growth is weak and that is leading to a self-fulfilling factor of curbing spending on value creation, which in turn is leading to slowing economic growth and that in turn is leading to slowing revenue growth.
Dated 18 Feb 2015
By Team INRBonds
Budget 2014-Please do not expect quick returns from markets
The first budget of the Modi government for fiscal 2014-15 was presented by the FM, Arun Jaitley on the 10th of July 2014 was strong on intent to control inflation, fiscal deficit and bring about long term stable economic growth.
Dated 10 Jul 2014
By Team INRBonds
Modi Budget 2014- Flat Yield Curve, where should you invest your fixed income corpus?
The first budget of the Modi government is to be presented to the parliament on the 10th of July 2014 and bond markets are pricing in a period of slow growth and inflation coming off down the line.
Dated 2 Jul 2014
By Team INRBonds
RBI transfers surplus profit to Government of India
The Reserve Bank’s Central Board on 08th August 2013 approved the transfer of surplus profit to the Government of India amounting to Rs 330.10 billion for the year ended June 30, 2013 as against Rs 160.10 billion for the year ended June 30, 2012.
Dated 8 Aug 2013
By Team INRBonds
Budget 2013-14 Reality Show Part 8-Performance Monitor Tables
The Union Budget 2013-13 estimates a nominal GDP growth of 12.8%.
Dated 1 Mar 2013
By Team INRBonds
Budget 2013-14 Reality Show Part 7-Post Budget Analysis
The reaction by the markets to the budget was negative.
Dated 28 Feb 2013
By Team INRBonds
Budget 2013-14 Reality Show Part 6- Economic Survey 2012-13 in Pictures
The Economic Survey is released one day prior to the budget
Dated 27 Feb 2013
By Team INRBonds