Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Explained: A new controversy on India&#039;s fiscal deficit -Udit Misra    </title>
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In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data.

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    <h1 class="cat-box-title">Explained: A new controversy on India&#039;s fiscal deficit -Udit Misra</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data.<br /></em><br />On the face of it, India&rsquo;s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues, was just 3.4 per cent of the gross domestic product (GDP) for 2018-19. For the current year, the Union Budget presented in July expected the fiscal deficit to be 3.3 per cent of the GDP.<br /><br />However, for long, it has been suspected that the official figures hide the true fiscal deficit.<br /><br />That&rsquo;s because some of the government&rsquo;s expenditure was funded by the so-called &ldquo;off-budget&rdquo; items. As a result, while this extra expenditure did not figure in the official calculations, it did mean that the true fiscal deficit or borrowing by the public sector was higher than the level presented in the Budget.<br /><br />Please <a href="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/" title="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/" class="re" target="_blank">The Indian Express, 15 January, 2020, https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/</a><div class="clear"></div>
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                            <div align="justify">-The Indian Express<br /><br /><em>In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data.<br /></em><br />On the face of it, India&rsquo;s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues, was just 3.4 per cent of the gross domestic product (GDP) for 2018-19. For the current year, the Union Budget presented in July expected the fiscal deficit to be 3.3 per cent of the GDP.<br /><br />However, for long, it has been suspected that the official figures hide the true fiscal deficit.<br /><br />That&rsquo;s because some of the government&rsquo;s expenditure was funded by the so-called &ldquo;off-budget&rdquo; items. As a result, while this extra expenditure did not figure in the official calculations, it did mean that the true fiscal deficit or borrowing by the public sector was higher than the level presented in the Budget.<br /><br />Please <a href="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/" title="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/" class="re" target="_blank">The Indian Express, 15 January, 2020, https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/</a><div class="clear"></div>
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                            <div align="justify">-The Indian Express<br /><br /><em>In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data.<br /></em><br />On the face of it, India&rsquo;s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues, was just 3.4 per cent of the gross domestic product (GDP) for 2018-19. For the current year, the Union Budget presented in July expected the fiscal deficit to be 3.3 per cent of the GDP.<br /><br />However, for long, it has been suspected that the official figures hide the true fiscal deficit.<br /><br />That&rsquo;s because some of the government&rsquo;s expenditure was funded by the so-called &ldquo;off-budget&rdquo; items. As a result, while this extra expenditure did not figure in the official calculations, it did mean that the true fiscal deficit or borrowing by the public sector was higher than the level presented in the Budget.<br /><br />Please <a href="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/" title="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/" class="re" target="_blank">The Indian Express, 15 January, 2020, https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/</a><div class="clear"></div>
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Explained: A new controversy on India's fiscal deficit -Udit Misra

Published on Jan 16, 2020   Modified on Jan 16, 2020

-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues, was just 3.4 per cent of the gross domestic product (GDP) for 2018-19. For the current year, the Union Budget presented in July expected the fiscal deficit to be 3.3 per cent of the GDP. However, for long, it has been suspected that the official figures hide the true fiscal deficit. That’s because some of the government’s expenditure was funded by the so-called “off-budget” items. As a result, while this extra expenditure did not figure in the official calculations, it did mean that the true fiscal deficit or borrowing by the public sector was higher than the level presented in the Budget. Please click here to read more.

The Indian Express, 15 January, 2020, https://indianexpress.com/article/explained/explained-a-new-controversy-on-indias-fiscal-deficit-6218431/

Tagged with: National Small Savings Fund Comptroller and Auditor-General Off-budget financing Union Budget fiscal deficit SC Garg Subhash Chandra Garg Below the Line

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