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
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

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
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
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 | Quality of spending comes under radar as fiscal draws to a close -Surabhi    </title>
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-The Hindu Business Line

Economists warn that revenue deficit may breach target

New Delhi: Will the Exchequer&rsquo;s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending?

The Finance Ministry believes that shift..."/>
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-The Hindu Business Line

Economists warn that revenue deficit may breach target

New Delhi: Will the Exchequer&rsquo;s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending?

The Finance Ministry believes that shift..." />
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    <h1 class="cat-box-title">Quality of spending comes under radar as fiscal draws to a close -Surabhi</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Economists warn that revenue deficit may breach target<br /><br />New Delhi: </em>Will the Exchequer&rsquo;s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending?<br /><br />The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes.<br /><br />It is also hopeful that measures taken to encourage capital expenditure by Ministries will help balance the skewed spending pattern from 2017-18.<br /><br /><em>Fiscal consolidation<br /></em><br />The report of the NK Singh Committee on the future fiscal consolidation roadmap is also expected to give further pointers on how to tackle the deficit while improving the quality of spending.<br /><br />Analysts, however, are cautious and point to the high revenue deficit, which is in danger of breaching its budgeted target in 2016-17.<br /><br />&ldquo;The Centre is likely to meet the fiscal deficit target of 3.5 per cent, but going by the Central government accounts till November, I think it will miss the revenue deficit target of 2.3 per cent of GDP by a reasonable margin in 2016-17,&rdquo; said DK Srivastava, chief policy advisor, EY (India).<br /><br />According to data with the Controller General of Accounts, the revenue deficit between April and November 2016 touched a two-year high of ?3.48 lakh crore or 98.4 per cent of the Budget Estimate.<br /><br />The Fiscal Responsibility and Budget Management Act, 2003 aims to lower the revenue deficit to 2 per cent by the next fiscal year and, accordingly, the Centre plans to lower its revenue deficit to 1.8 per cent of GDP in 2017-18 and further to 1.3 per cent in 2018-19.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/quality-of-spending-comes-under-radar-as-fiscal-draws-to-a-close/article9503256.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/quality-of-spending-comes-under-radar-as-fiscal-draws-to-a-close/article9503256.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Economists warn that revenue deficit may breach target<br /><br />New Delhi: </em>Will the Exchequer&rsquo;s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending?<br /><br />The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes.<br /><br />It is also hopeful that measures taken to encourage capital expenditure by Ministries will help balance the skewed spending pattern from 2017-18.<br /><br /><em>Fiscal consolidation<br /></em><br />The report of the NK Singh Committee on the future fiscal consolidation roadmap is also expected to give further pointers on how to tackle the deficit while improving the quality of spending.<br /><br />Analysts, however, are cautious and point to the high revenue deficit, which is in danger of breaching its budgeted target in 2016-17.<br /><br />&ldquo;The Centre is likely to meet the fiscal deficit target of 3.5 per cent, but going by the Central government accounts till November, I think it will miss the revenue deficit target of 2.3 per cent of GDP by a reasonable margin in 2016-17,&rdquo; said DK Srivastava, chief policy advisor, EY (India).<br /><br />According to data with the Controller General of Accounts, the revenue deficit between April and November 2016 touched a two-year high of ?3.48 lakh crore or 98.4 per cent of the Budget Estimate.<br /><br />The Fiscal Responsibility and Budget Management Act, 2003 aims to lower the revenue deficit to 2 per cent by the next fiscal year and, accordingly, the Centre plans to lower its revenue deficit to 1.8 per cent of GDP in 2017-18 and further to 1.3 per cent in 2018-19.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/quality-of-spending-comes-under-radar-as-fiscal-draws-to-a-close/article9503256.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/quality-of-spending-comes-under-radar-as-fiscal-draws-to-a-close/article9503256.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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-The Hindu Business Line

Economists warn that revenue deficit may breach target

New Delhi: Will the Exchequer&rsquo;s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending?

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    <h1 class="cat-box-title">Quality of spending comes under radar as fiscal draws to a close -Surabhi</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Economists warn that revenue deficit may breach target<br /><br />New Delhi: </em>Will the Exchequer&rsquo;s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending?<br /><br />The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes.<br /><br />It is also hopeful that measures taken to encourage capital expenditure by Ministries will help balance the skewed spending pattern from 2017-18.<br /><br /><em>Fiscal consolidation<br /></em><br />The report of the NK Singh Committee on the future fiscal consolidation roadmap is also expected to give further pointers on how to tackle the deficit while improving the quality of spending.<br /><br />Analysts, however, are cautious and point to the high revenue deficit, which is in danger of breaching its budgeted target in 2016-17.<br /><br />&ldquo;The Centre is likely to meet the fiscal deficit target of 3.5 per cent, but going by the Central government accounts till November, I think it will miss the revenue deficit target of 2.3 per cent of GDP by a reasonable margin in 2016-17,&rdquo; said DK Srivastava, chief policy advisor, EY (India).<br /><br />According to data with the Controller General of Accounts, the revenue deficit between April and November 2016 touched a two-year high of ?3.48 lakh crore or 98.4 per cent of the Budget Estimate.<br /><br />The Fiscal Responsibility and Budget Management Act, 2003 aims to lower the revenue deficit to 2 per cent by the next fiscal year and, accordingly, the Centre plans to lower its revenue deficit to 1.8 per cent of GDP in 2017-18 and further to 1.3 per cent in 2018-19.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/quality-of-spending-comes-under-radar-as-fiscal-draws-to-a-close/article9503256.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/quality-of-spending-comes-under-radar-as-fiscal-draws-to-a-close/article9503256.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Quality of spending comes under radar as fiscal draws to a close -Surabhi

Published on Jan 27, 2017   Modified on Jan 27, 2017

-The Hindu Business Line Economists warn that revenue deficit may breach target New Delhi: Will the Exchequer’s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending? The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes. It is also hopeful that measures taken to encourage capital expenditure by Ministries will help balance the skewed spending pattern from 2017-18. Fiscal consolidation The report of the NK Singh Committee on the future fiscal consolidation roadmap is also expected to give further pointers on how to tackle the deficit while improving the quality of spending. Analysts, however, are cautious and point to the high revenue deficit, which is in danger of breaching its budgeted target in 2016-17. “The Centre is likely to meet the fiscal deficit target of 3.5 per cent, but going by the Central government accounts till November, I think it will miss the revenue deficit target of 2.3 per cent of GDP by a reasonable margin in 2016-17,” said DK Srivastava, chief policy advisor, EY (India). According to data with the Controller General of Accounts, the revenue deficit between April and November 2016 touched a two-year high of ?3.48 lakh crore or 98.4 per cent of the Budget Estimate. The Fiscal Responsibility and Budget Management Act, 2003 aims to lower the revenue deficit to 2 per cent by the next fiscal year and, accordingly, the Centre plans to lower its revenue deficit to 1.8 per cent of GDP in 2017-18 and further to 1.3 per cent in 2018-19. Please click here to read more.

The Hindu Business Line, 26 January, 2017, http://www.thehindubusinessline.com/economy/quality-of-spending-comes-under-radar-as-fiscal-draws-to-a-close/article9503256.ece?homepage=true

Tagged with: fiscal deficit Revenue Deficit Fiscal Responsibility and Budget Management Act (2003) FRBM Act (2003) Revenue Expenditure Capital Expenditure

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