#deficit fiscal

[mondovr]

Discurso na íntegra do Milei no CPAC

Buenas tardes a todos. Quero agradecer às autoridades do CPAC pela convite e ao presidente Jair Bolsonaro e Eduardo Bolsonaro pela calorosa recepção. Realmente me fazem sentir em casa, e é sempre um prazer estar entre amigos. Hoje quero falar sobre a receita econômica e cultural do socialismo na América Latina, mostrar como eles estão errados e nós temos razão, e sobre como estamos lutando pela…

[more-flotsam-and-jetsam]

[uboat53]

Ah, the old game where Republicans scream and yell against any type of disaster aid… unless it's for them.

Why don't we make a new rule? How about we just do disaster aid and get people out of trouble. It's not a huge driver of the deficit and Republicans can pretend to be deficit hawks when people's lives aren't on the line.

[notayesmanseconomics]

Will France be able to impose the economic austerity required by the European Union?

It has been a summer where France has been in the news most obviously with the Paris Olympics. This week it has been added to via the parachuting in of former Brexit negotiator Michel Barnier as Prime Minister. But as ever my concern is with the economy and we can open with the economic growth figures. In the second quarter of 2024, the gross domestic product (GDP) in volume will increase by…

[primepaginequotidiani]

PRIMA PAGINA New York Times di Oggi sabato, 10 agosto 2024

[townpostin]

Budget Boosts Economic Optimism in Jharkhand: Arun Prakash

CII official lauds growth-centric fiscal plan Government’s financial roadmap garners praise for its focus on infrastructure, MSMEs, and tax reforms. JAMSHEDPUR – Local industry leader commends the latest budget for its potential to drive economic progress. The recent budget announcement has received a positive reception from Jharkhand’s business community. Arun Prakash, a key figure in the…

[nobody-2024-dao]

The Impact of Fiscal Policy on Economic Stability

Fiscal policy, involving government spending and taxation, plays a crucial role in managing economic stability. Understanding how fiscal policy affects the economy can provide insights into the tools governments use to combat economic challenges. Government Spending: Government spending on infrastructure, healthcare, and education stimulates economic growth by creating jobs and increasing demand…

[buglecourier]

Sensex and Nifty Surge After RBI’s Record Dividend Boost

Market Soars on RBI’s Unprecedented Surplus Transfer

The Indian stock market experienced a significant rally on Thursday, May 23, following the Reserve Bank of India’s (RBI) announcement of its largest-ever surplus transfer to the government. The Sensex jumped over 1,000 points, surpassing the 75,000 mark, while the Nifty reached a record high of 22,959.70, marking an impressive milestone.

Sensex and Nifty Break Records

During the trading session, the BSE Sensex hit an intraday peak of 75,407.39, and the Nifty 50 crossed the 22,900 level for the first time, reflecting robust investor sentiment. This remarkable surge came on the heels of the RBI board’s decision to approve a surplus transfer of Rs 2.11 lakh crore to the government for the fiscal year 2023–24.

RBI’s Record Dividend: A Game Changer

The RBI’s unprecedented dividend of Rs 2.11 lakh crore far exceeded both the budgeted amount of Rs 1.02 lakh crore and market expectations of Rs 1–1.1 lakh crore. This substantial payout is anticipated to help narrow the government’s fiscal deficit for FY2025 by 0.2–0.4 per cent of GDP, according to market experts.

Santosh Meena, Head of Research at Swastika Investmart Ltd, noted, “The Nifty index has surged to a record high following the RBI’s announcement. This significant macroeconomic development positively impacts the market, influencing both the fiscal deficit and bond yields.”

Implications for Fiscal Policy and Economic Growth

Gaura Sen Gupta, Chief Economist at IDFC First Bank, highlighted that the higher dividend represents additional fiscal revenue equivalent to 0.4 per cent of GDP. This boost could mitigate potential shortfalls in disinvestment receipts and slower tax collection growth than initially budgeted, potentially allowing the FY25 fiscal deficit to undershoot the Budget Estimate by 0.2 per cent of GDP.

A report from Kotak Institutional Equities suggested that the surplus transfer provides the government with greater flexibility in adhering to its fiscal consolidation path. There is now room to adjust budgeted receipts and expenditures, potentially increasing allocations for infrastructure projects in roads, railways, and defense.

“The government might also consider reducing personal income taxes to stimulate consumption, particularly for lower-income groups. However, we anticipate a focus on higher capital expenditure and fiscal consolidation rather than tax cuts,” the report added.

Top Gainers in the Market

Among the top performers on the NSE were Adani Enterprises, Axis Bank, Larsen and Toubro Ltd, Adani Ports, and Mahindra & Mahindra. These companies saw significant gains, contributing to the overall positive market sentiment.

Conclusion

The RBI’s record dividend transfer has injected a wave of optimism into the Indian stock market, driving the Sensex and Nifty to new heights. This development not only boosts investor confidence but also provides the government with additional fiscal space to navigate economic challenges and pursue growth-oriented policies.

[freshvinculum2]

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[kesarijournal]

Money, Myths, and the Modern World: Unraveling the Economic Tapestry from a Modern Monetary Theory Lens

**Welcome to the Grand Economic Theater!**Picture the global economy as a grand stage, where the U.S., Australia, and China play the leading roles, each grappling with their own economic scripts. But what if the script they’re reading from is due for a rewrite? Enter Modern Monetary Theory (MMT) – the understudy that’s been waiting in the wings, ready to challenge the status quo. Let’s embark on…

[laivinduroriginal]

BNR: Măsurile fiscale adoptate de Guvernul Ciolacu vor crește inflaţia. Impactul va fi „relativ modest şi tranzitoriu”

Majorarea şi introducerea la începutul anului viitor a unor taxe şi impozite indirecte, în scopul consolidării bugetare, al căror impact va fi inflaţionist – deşi relativ modest şi tranzitoriu -, va ridica pe termen scurt traiectoria descrescătoare a ratei anuale a inflaţiei peste cea evidenţiată în prognoza din luna august, se arată în Minuta şedinţei de politică monetară a Consiliului de…

[authne]

India's Debt: Not Risky as China's, But rather Still a Concern

India’s debt is a complicated issue with a long history. The country’s debt-to-Gross domestic product proportion has been on a consistent ascent lately, and presently remains at 81.9%. This is like China’s debt-to-Gross domestic product proportion of 83%. In any case, the dangers related with India’s debt are not so perfect as China’s. India has a more youthful populace and a higher development…

[financeprozone]

Massive £3.5K Tax Hike Looms for UK! Shocking IFS Report!

UK households are bracing for a substantial tax hike, with an average increase of £3,500 per year anticipated by the next election, marking the most significant fiscal burden over a parliamentary term in over seven decades, according to the Institute for Fiscal Studies (IFS), the country’s foremost economic think tank.

For more visit: financeprozone.com -

[moderat50]

IRS going after wealthy

Republicans not happy. IRS auditing wealthy using the additional funding.and catching tax cheats.

[townpostin]

CII Jharkhand Praises Budget 2024-25 for Eastern Focus and MSME Boost

Comprehensive development plan and enhanced support measures signal growth-oriented approach Union Budget 2024-25 earns CII acclaim for its emphasis on Eastern region development, MSME empowerment, and strategic infrastructure investments to foster economic progress. JAMSHEDPUR – The Confederation of Indian Industry has come out with profusely praising words for the Union Budget 2024-25 for its…

[thenewdemocratus]

The Globalist: Bill Hunphrey: The Problem With Billionaires

The Globalist: Opinion: Bill Humphrey: The Problem With Billionaires The New Democrat This idea that what America needs to do is just tax the hell out of millionaires and billionaires and use that money to spend more on War on Poverty programs to help the poor, as if fifty-years later that has worked very well, because the ultra-right as Bill Humphrey likes to say, has so much money that they…