How Chandrababu's Andhra budget is a balancing act on sops, fiscal prudence
1 month, 1 week ago

How Chandrababu's Andhra budget is a balancing act on sops, fiscal prudence

India Today  

The Chandrababu Naidu-led National Democratic Alliance government in Andhra Pradesh, which assumed office in the second quarter of 2024-25, has presented a Rs 2.94 lakh crore budget, reducing the extraordinary emphasis on welfare schemes and sops by the earlier Yuvajana Sramika Rythu Congress Party regime of Y.S. His government targeted the previous YSRCP regime for “destroying the financial conditions of the state” by halting key infrastructure and development projects, including the green field capital Amaravati. Andhra Pradesh was pushed into debt following its unscientific bifurcation in 2014, but was put on the fast track to development by the TDP government led by Chandrababu Naidu,” asserted finance minister Keshav. While the first vote-on-account budget of Rs 2.86 lakh crore was approved by the legislative assembly, sanctioning Rs 1.09 lakh crore for the first four months of the fiscal before the general elections, the NDA government, which secured the mandate in the elections held in May, presented a second vote-on account budget for the four months from August to November.

Financial Crore Lakh Nda Ysrcp Naidu Andhra Chandrababu Keshav State Budget  naidu  lakh  prudence  crore  fiscal  promises  rs  act  andhra  chandrababus  balancing  state  budget  ysrcp  financial  sops

History of this topic

Ready for debate on state finances: Telangana Finance Minister Bhatti Vikramakra
1 week ago

Ready for debate on state finances: Telangana Finance Minister Bhatti Vikramakra

New Indian Express  

KHAMMAM: Slamming the previous BRS government for allegedly pushing Telangana into a debt trap during its decade-long rule by raising loans in the name of various projects, Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramakra on Sunday said that the government was ready for a debate on the issue in the winter session of the state Legislative Assembly, which …

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill
4 weeks, 1 day ago

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill

Deccan Chronicle  

Hyderabad: The state government is grappling with a severe financial crisis as the burden of repaying loans and the interest has surpassed its expenditure on salaries and pensions. The government now allocates over Rs.5,000 crore per month for debt servicing, compared to Rs.3,000 crore towards salaries to three lakh employees and 1.5 lakh pensioners. Data obtained from the finance department …

Jagan quotes CAG saying YSRC’s AP debt only Rs 6.4 lakh crore
1 month ago

Jagan quotes CAG saying YSRC’s AP debt only Rs 6.4 lakh crore

Deccan Chronicle  

Speaking to media here on Wednesday, he charged that the budget presentation exercise is an attempt to cover up the inefficiency of the NDA alliance government in implementing its super six and other poll promises. The former chief minister gave a detailed rebuttal of what he called “bundle of lies” by presenting figures ratified in the Comptroller and Auditor General …

CAG says off-budget liabilities of Andhra at ₹32,903 crore
1 month, 1 week ago

CAG says off-budget liabilities of Andhra at ₹32,903 crore

Hindustan Times  

The off-budget liabilities of the Andhra Pradesh government stood at ₹32,903 crore at the end of the 2023-24 financial year, the Comptroller and Auditor General of India said in its report tabled in the state assembly on Wednesday. The CAG, which reviewed the state government’s budget for the financial year 2023-24, said the off-budget borrowing is a liability of the …

AP’s Receipts Rs.2.36 Lakh Crore Against Estimated Rs.2.56 Lakh Crore
1 month, 1 week ago

AP’s Receipts Rs.2.36 Lakh Crore Against Estimated Rs.2.56 Lakh Crore

Deccan Chronicle  

Vijayawada: Andhra Pradesh has total receipts of ₹2,36,511 crore against the budget estimate of ₹2,56,865 crore for 2023-24. As per the report on Andhra Pradesh accounts by the principal accountant general for 2023-24, AP registered tax revenue from various heads like Goods and Services Tax – ₹45,003 crore, Taxes on Income and Expenditure – ₹29,892 crore, Taxes on Property and …

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget
1 month, 1 week ago

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget

Hindustan Times  

The Telugu Desam Party-led National Democratic Alliance government in Andhra Pradesh on Monday presented its first full-fledged budget of ₹2,94,427 crore for 2024-25, five months after coming to power. Finance minister Payyavula Kesav told the state legislative assembly that the budget included revenue expenditure of ₹2,35,916 crore and capital expenditure of ₹32,712 crore. The NDA government under chief minister N …

What does Naidu government have in focus for Andhra Pradesh in its budget?
Trending News
1 month, 1 week ago

What does Naidu government have in focus for Andhra Pradesh in its budget?

India Today  

The Andhra Pradesh Legislative Assembly’s budget session began today with Finance Minister Payyavula Keshav presenting the state’s budget for the fiscal year 2024-25. The state budget for 2024-25 is set at Rs 2.94 lakh crore, with Rs 2.35 lakh crore allocated for revenue expenditure and Rs 3,271.84 crore for capital expenditure. Sector-wise, significant funds are earmarked for Panchayat Raj and …

Buggana flays Andhra government over rising debt
3 months ago

Buggana flays Andhra government over rising debt

New Indian Express  

VIJAYAWADA: Emphasising that the frustration which is typically observed after five years of governance has emerged within months, former minister Buggana Rajendranath condemned the current government for its failure to present a budget even after three months. Buggana raised concerns about the State government’s growing debt, and mentioned that coalition government had borrowed Rs 2,000 crore on June 11, Rs …

Bhatti urges to Centre on Telangana's debt burden
3 months, 4 weeks ago

Bhatti urges to Centre on Telangana's debt burden

Deccan Chronicle  

Hyderabad: Deputy Chief Minister Mallu Bhatti Vikramarka urged Union finance minister Nirmala Sitharaman to address several pressing financial concerns faced by the state. During a meeting in Delhi on Saturday, Bhatti in presented a report on the state’s financial situation and requested the Union minister's intervention in various matters, particularly those related to Centrally- Speaking to media personnel after the …

‘Andhra’s debt rose to over ₹9 lakh crore’: Naidu in white paper
4 months, 3 weeks ago

‘Andhra’s debt rose to over ₹9 lakh crore’: Naidu in white paper

Hindustan Times  

Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu on Friday alleged that the state’s economy had witnessed a sharp fall in the growth rate from 13.5% to 10.5% during the five-year regime of the previous YSR Congress Party government, resulting in a loss of revenue up to ₹6.94 lakh crore. The chief minister said the state’s …

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share
4 months, 3 weeks ago

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share

Hindustan Times  

Telangana finance minister Mallu Bhatti Vikramarka on Thursday presented a ₹2.91 lakh crore state budget for 2024-25 in the assembly, with the total revenue expenditure expected to be ₹2.21 lakh crore and capital expenditure ₹33,487 crore, even as the Congress-led government allocated major chunk to agriculture, panchayati raj and rural development and irrigation departments. Stating that the Congress-led state government …

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore
4 months, 4 weeks ago

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore

The Hindu  

The Telangana State Government has presented ₹2.91 lakh crore Budget for the Financial Year 2024-25 with emphasis on welfare and development of agriculture and allied sectors. Finance Minister Mallu Bhatti Vikramarka introduced the Budget in the Assembly on July 25 with estimated revenue expenditure of ₹2.2 lakh crore and capital expenditure of ₹33,487 crore. The Finance Minister presented the Budget, …

Telangana Cabinet approves budget for 2024-25
4 months, 4 weeks ago

Telangana Cabinet approves budget for 2024-25

Deccan Chronicle  

Hyderabad: The State Cabinet approved the budget to be presented by the Deputy Chief Minister Mallu Bhatti Vikramarka at a meeting chaired by the Chief Minister A Revanth Reddy in the Assembly Hall here on Thursday. Bhatti, who also holds the finance portfolio, will present the budget in the State Assembly at 12 noon. Bhatti handed over the copies related …

Chandrababu Naidu's first reaction on Budget 2024 after Centre's 'special allocations' for Andhra Pradesh
5 months ago

Chandrababu Naidu's first reaction on Budget 2024 after Centre's 'special allocations' for Andhra Pradesh

India TV News  

Union Budget 2024: Telugu Desam Party National President Chandrababu Naidu on Tuesday hailed the Union Budget 2024-25 and thanked Prime Minister Narendra Modi for recognising the needs of Andhra Pradesh. Taking to social media platform X, Chandrababu Naidu wrote, "On behalf of the people of Andhra Pradesh, I thank PM Modi and Finance Minister Nirmala Sitharaman for recognising the needs …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
9 months, 3 weeks ago

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore

Hindustan Times  

MUMBAI: Finance minister Ajit Pawar on Tuesday presented a ₹6 lakh crore interim budget with a revenue deficit of ₹9,734 crore. While the government is aiming for a $1trillion state economy, its debt burden has reached ₹7.82 lakh crore after a net borrowing of ₹72,000 crore. The PM has announced welfare schemes for youth, women, the poor and farmers, which …

Karnataka Economic Survey flags challenges in keeping fiscal deficit at a low
10 months ago

Karnataka Economic Survey flags challenges in keeping fiscal deficit at a low

New Indian Express  

BENAGALURU: The Karnataka Economic Survey 2023-24 released on Friday cautioned against the trend of increase in government expenditure and decline in revenue collection. However, with the increasing government expenditure and declining government revenues, keeping the fiscal deficit at a low is challenging,” the survey stated. In the survey, it is stated that in 2023-24, budget programmes have been formulated for …

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit
10 months, 1 week ago

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit

The Hindu  

The total outlay of the Karnataka State budget for 2024-25 is pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. Karnataka Budget 2024-25: LIVE coverage While the Chief Minister has not increased any taxes, he has presented a revenue deficit budget with the net borrowings crossing ₹1 lakh crore, perhaps for the first time in …

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman
10 months, 2 weeks ago

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman

News 18  

To bring down the debt burden, the government has taken various measures like increasing the tax revenue buoyancy, enhancing the public expenditure effectiveness, commitment to reducing fiscal deficit and augmenting the productive efficiency, Finance Minister Nirmala Sitharaman said on Monday. The government’s emphasis on increasing capital expenditure will not only boost the investments, but also return a higher GDP growth …

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3
10 months, 3 weeks ago

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3

The Hindu  

The sluggish pace of growth in the revenue receipts in Telanganacontinued at the end of the third quarter of the current financial year with overallrevenue receipts pegged at ₹1.25 lakh crore, 57% of the ₹2.16 lakh crore projected in the budget estimates. Tax revenue has shown some improvement since the past few months reaching ₹99,693 crore, 65.37 % at the …

Kerala’s public debt comes down to ₹2.38 lakh crore
10 months, 3 weeks ago

Kerala’s public debt comes down to ₹2.38 lakh crore

The Hindu  

Amid the financial strains that put the Kerala government in a fix making it difficult for it to meet its fiscal obligations efficiently, a document tabled by Finance Minister K.N. Balagopal in the Assembly on Tuesday revealed that the State’s public debt has come down to ₹2.38 lakh crore at the end of March 2022-2023. As per the accounts of …

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24
11 months, 3 weeks ago

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24

The Hindu  

The Tamil Nadu government plans to borrow ₹37,000 crore in the fourth quarter of fiscal 2023-24, according to the indicative calendar of market borrowings released by the Reserve Bank of India. So far in fiscal 2023-24, Tamil Nadu’s total tax revenue stood at about ₹1.27 lakh crore, which is 57.27% of the budgeted estimates, according to the provisional figures from …

Revenue deficit of Andhra Pradesh crosses budget estimates in first quarter itself
1 year, 2 months ago

Revenue deficit of Andhra Pradesh crosses budget estimates in first quarter itself

The Hindu  

The statement on the quarterly review of the trends in receipts and expenditure in relation to the budget at the end of the first quarter of the 2023-24 financial year presents a grim picture of the State government’s finances. According to the report, the revenue deficit exceeded the budget estimates for the financial year 2023-24 in the first quarter itself. …

White Paper of Congress Govt Blames Previous BJP Regime's 'Fiscal Mismanagement' for Himachal's Debt Distress
1 year, 3 months ago

White Paper of Congress Govt Blames Previous BJP Regime's 'Fiscal Mismanagement' for Himachal's Debt Distress

News 18  

With the Congress government in Himachal Pradesh presenting a white paper on the state’s finances, an acrimonious exchange was witnessed between opposition and treasury benches in the assembly after the report indicated a grim fiscal health with the state’s financial liabilities mounting to Rs 92,774 crore. Agnihotri read the report amid a charged atmosphere, while blaming the previous BJP regime …

Former A.P. Finance Minister Yanamala Ramakrishnudu seeks clarification on CAG’s findings on State’s fiscal position
1 year, 4 months ago

Former A.P. Finance Minister Yanamala Ramakrishnudu seeks clarification on CAG’s findings on State’s fiscal position

The Hindu  

Former Finance Minister and TDP Politburo member Yanamala Ramakrishnudu wrote a letter to Special Chief Secretary S.S. Rawat on August 23, seeking a clarification whether the recent findings of the Comptroller & Auditor General of India on the State’s financial position in FY 2021-22 reflect the true picture. He stated that two inevitable conclusions could be drawn from the CAG’s …

Purandeswari's plea to Governor on panchayat funds
1 year, 4 months ago

Purandeswari's plea to Governor on panchayat funds

Deccan Chronicle  

VIJAYAWADA: BJP state president Daggubati Purandeswari on Thursday sought intervention of Governor S. Abdul Nazeer on the issue of state government diverting funds meant for gram panchayats. With regard to diversion of gram panchayat funds, which pertain to 14th and 15th Finance Commissions, she said 13,369 gram panchayats should have received ₹7,882 crore in the last four years from 2019. …

Telangana Stares at Rs 9,335 Cr Revenue Deficit for 2021-22 FY
1 year, 4 months ago

Telangana Stares at Rs 9,335 Cr Revenue Deficit for 2021-22 FY

Deccan Chronicle  

Hyderabad: Telangana state, which had revenue surplus up to 2018-19, faces a revenue deficit of Rs 9,335 crore though it was lower than the Rs 22,298 crore deficit in 2020-21, the Comptroller and Auditor General said in a report. Around 50 per cent of the revenue receipts, Rs 1,27,469 crore, was spent on committed expenditure like salaries Rs 30,375 crore, …

Off-budget borrowings of Andhra Pradesh government put at ₹79,815 crore, says Centre
1 year, 4 months ago

Off-budget borrowings of Andhra Pradesh government put at ₹79,815 crore, says Centre

The Hindu  

The Central government has said that the off-budget borrowings by the Andhra Pradesh government will be considered as State government loans. Andhra Pradesh government’s off-budget borrowings stand at ₹79,815 crore and the excess over the borrowings by the State government will be adjusted in the subsequent financial years, it has said. Giving a reply to a question raised by TDP …

AP Exhausted 97.4% of Credit Limit under RBI: TD
1 year, 4 months ago

AP Exhausted 97.4% of Credit Limit under RBI: TD

Deccan Chronicle  

Vijayawada: National spokesman of Telugu Desam, Kommareddy Pattabhiram on Sunday tore into the Chief Minister Y.S. Jagan Mohan Reddy-led Andhra Pradesh government, saying it had already exhausted 97.4 per cent of its credit limit under the Reserve Bank of India. He said at Rs 40,000 crore, Tamil Nadu had borrowed more than AP this financial year but it was okay …

AP finance special secretary debunks claim of ₹10L-cr debt
1 year, 7 months ago

AP finance special secretary debunks claim of ₹10L-cr debt

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh Chief Minister’s special secretary Duvvuri Krishna on Thursday, condemning false news making the rounds on the state’s finances, said the total debt of AP was Rs 6.51 lakh crore and not Rs 10 lakh crore, as was being claimed by the Opposition. Krishna said, “The outstanding liabilities of the undivided state of Andhra Pradesh on March 31, …

Borrowing of AP government within limits, asserts Buggana
1 year, 8 months ago

Borrowing of AP government within limits, asserts Buggana

Deccan Chronicle  

VIjayawada: Finance minister Buggana Rajendranath has said the AP Government's debt was Rs 1,64,725 crore as on March 31, 2023. Only Rs 100 crore of funds remain.” Rajendranath said Yanamala Ramkrishnudu alleging that the state’s debt at present was Rs 12.5 lakh crore and Chandrababu alleging the state debt was Rs 10.31 lakh crore and shouting from roof-tops that Andhra …

Measures to make T.N. revenue-neutral to be keenly watched
1 year, 9 months ago

Measures to make T.N. revenue-neutral to be keenly watched

The Hindu  

Apart from the anticipation of an announcement on the monthly honorarium of ₹1,000 for women family heads, measures to achieve the goal of making the State revenue-neutral in three years would be keenly watched in the Tamil Nadu Budget for 2023-24 to be presented by Finance Minister Palanivel Thiaga Rajan on Monday. As per the provisional figures of the Comptroller …

AP Budget is realistic: Govt does a poll vault, gives more funds to welfare
1 year, 9 months ago

AP Budget is realistic: Govt does a poll vault, gives more funds to welfare

Deccan Chronicle  

Jagan Mohan Reddy-led government on Thursday presented the state Budget for 2023-2024 with a massive outlay of Rs 2.79 lakh crore of which more than 70 per cent will be mobilised from the state's own revenues, devolution of Central taxes and grants-in-aid. “Significantly, the Jagan Mohan Reddy government increased its expenditure by a whopping Rs 50,000 crore this year compared …

Andhra Pradesh logs GSDP growth at 16.22% in 2022-23
1 year, 9 months ago

Andhra Pradesh logs GSDP growth at 16.22% in 2022-23

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh has logged the growth of its gross state domestic product at 16.22 per cent for 2022-23, a rise over the previous fiscal and signifying faster economic growth. Gross value-added growth rate at current prices for agriculture and allied sectors was registered at 13.18 per cent -- with agriculture showing 20.72, horticulture 12.58, livestock 7.32 and fisheries 19.41 …

Learn from your Chhattisgarh counterpart, Uttam tells KCR
1 year, 9 months ago

Learn from your Chhattisgarh counterpart, Uttam tells KCR

Deccan Chronicle  

HYDERABAD: Emphasising the way Congress-ruled states like Chhattisgarh were implementing welfare schemes better than in Telangana, former PCC chief N. Uttam Kumar Reddy and other leaders urged Karimnagar voters to ensure the party's win in the upcoming Legislative Assembly elections. Addressing a public meeting at Karimnagar, the Lok Sabha member said that Chief Minister K. Chandrashekar Rao should be ashamed …

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion
1 year, 9 months ago

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion

Hindustan Times  

Madhya Pradesh finance minister Jagdish Deoda presented a revenue surplus budget of over ₹3.14 lakh crore on Wednesday in the state assembly ahead of the December polls. Madhya Pradesh finance minister Jagdish Deoda presented the state budget today With a special focus on women, tribals and religion, Deoda announced schemes for giving scooty and skill upgradation stipends to girl students, …

Data | Five Southern States took off-Budget loans worth ₹2.34 lakh crore in FY21
1 year, 9 months ago

Data | Five Southern States took off-Budget loans worth ₹2.34 lakh crore in FY21

The Hindu  

While tabling the Budget a week ago, Telangana Finance Minister T. Harish Rao accused the Centre of “creating hurdles after hurdles” in the development of the State. Five Southern States — Telangana, Andhra Pradesh, Kerala, Tamil Nadu and Karnataka — accounted for ₹2.34 lakh crore, around 93%, of the total off-Budget liabilities of eleven major States analysed. In almost all …

Jagan dares Naidu to convince people
1 year, 10 months ago

Jagan dares Naidu to convince people

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh Chief Minister Y.S. When compared with Centre, the state’s debt grew at 19.02 per cent CAGR during 2014-19 while that of the Centre was just 9.89 per cent. On the contrary, the state’s debt grew at 13.55 per cent between 2019-23 during which period the Centre’s debt growth stood at 13.85 per cent. The state’s debt grew …

Karnataka Budget 2023: Interest Free Loan For Farmers Hiked To Rs 5 Lakh
1 year, 10 months ago

Karnataka Budget 2023: Interest Free Loan For Farmers Hiked To Rs 5 Lakh

News 18  

Karnataka CM Basavaraj Bommai proposed to hike the interest-free loan for farmers to Rs 5 lakh from existing Rs 3 lakh while presenting the state budget 2023-24 on Friday. The increased loan amount will directly help more than 30 lakh farmers in the state and a total amount to the tune of Rs 25,000 crore is estimated to be disbursed. …

Outstanding debt of Telangana stands at Rs. 2.83 lakh crore: Centre
1 year, 10 months ago

Outstanding debt of Telangana stands at Rs. 2.83 lakh crore: Centre

Deccan Chronicle  

HYDERABAD: The total outstanding debt of Telangana from the years 2014-15 to 2021-22 stands at Rs. 2.83 lakh crore, Union minister of state for finance Pankaj Chaudhary informed the Lok Sabha. Responding to a question from Congress member N. Uttam Kumar Reddy, Chaudhary said that there was a Rs. The borrowers include Telangana Drinking Water Supply Corporation Ltd, Telangana State …

Bhatti says Budget figures highly suspicious, unrealistic
1 year, 10 months ago

Bhatti says Budget figures highly suspicious, unrealistic

Deccan Chronicle  

Hyderabad: Congress Legislature Party leader Mallu Bhatti Vikramarka has objected to the state government projecting “higher and unrealistic” estimates on tax, non-tax revenues and Central grants in the Budget. He said these targets were impossible to realise and the state government did this just for the sake of presenting a “jumbo budget” of Rs 2.90 lakh crore without taking ground …

Gudur ridicules ‘weird’ state budget
1 year, 10 months ago

Gudur ridicules ‘weird’ state budget

Deccan Chronicle  

Hyderabad: Senior BJP leader Gudur Narayana Reddy on Wednesday described the state budget as a ‘weird one’ as it was impractical and hypothetical. He said that the total loans taken by the government, directly or through corporations, were to the tune of Rs 4.86 lakh crore. He said that the government’s own revenue through taxes has been projected at Rs …

State’s tax burden shoots up to Rs 3.57 lakh crore
1 year, 10 months ago

State’s tax burden shoots up to Rs 3.57 lakh crore

Deccan Chronicle  

HYDERABAD: The debt burden on the state government will increase to Rs 3.57 lakh crore in 2023-24, according to the Budget. In 2020-21, the debt burden state was Rs 2,44,019 crore, which was 25.4 per cent of GSDP. In 2022-23, the debt burden increased to Rs 3,22,993 crore as per the revised estimates, which was 24.3 per cent of GSDP. …

Telangana presents massive budget of ₹2.9 lakh crore for 2023-24 fiscal
1 year, 10 months ago

Telangana presents massive budget of ₹2.9 lakh crore for 2023-24 fiscal

The Hindu  

The Telangana State Government has presented a massive ₹2.90 lakh crore budget for the next financial year 2023-24. The budget has projected revenue receipts to the tune of ₹2.16 lakh crore in the next fiscal, close to ₹40,000 crore higher than the current year’s revised estimates which pegged the revenue receipts at ₹1.75 lakh crore. The revenue receipts for the …

Some gain, some pain for Andhra Pradesh in 2023 Budget
1 year, 10 months ago

Some gain, some pain for Andhra Pradesh in 2023 Budget

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh failed to get several of its proposals included in the Union Budget 2023. Notably, however, the Central Budget earmarked Rs 47 crore for AP Central University, Rs 168 crore for the Petroleum University, Rs 683 crore for Visakhapatnam Steel Plant, Rs 37 crore for the Tribal Universities of AP and TS, Rs 6,835 crore for 22 AIIMS …

Telangana revenue collections touch Rs 1 lakh cr
1 year, 11 months ago

Telangana revenue collections touch Rs 1 lakh cr

Deccan Chronicle  

Hyderabad: The Telangana state government saw a spike in revenue collections totalling Rs 1 lakh crore this month-end, owing to a real estate boom collections from excise, and GST. The government expected total tax income at Rs 1,08,212 crore in the 2022-23 budget, a 16 per cent increase over the revised estimate for 2021-22. The data obtained from the finance …

Corruption Reflection of Bengal's Economic Decay: BJP Leader And Economist Ashok Lahiri to News18 - News18
2 years, 3 months ago

Corruption Reflection of Bengal's Economic Decay: BJP Leader And Economist Ashok Lahiri to News18 - News18

News 18  

Sample these official budget figures of the West Bengal government for 2022-2023. The state’s total outstanding debt stands at a staggering estimated amount of Rs 5,86,438 crore for the current fiscal. While the state’s budgeted revenue receipts for the current financial year are estimated at Rs 1,98,067 crore, it is expected to receive around Rs 59,916 crore as grants and …

CAG pegs Andhra Pradesh’s off-budget borrowings at ₹86,260 crore in 2020-21
2 years, 3 months ago

CAG pegs Andhra Pradesh’s off-budget borrowings at ₹86,260 crore in 2020-21

The Hindu  

The Comptroller and Auditor General of India, in its State Finances Audit Report for the Financial Year 2020-21, said that the State government had a liability for off-budget borrowings amounting to ₹86,260 crore, which was not disclosed appropriately in its budget documents. Revenue receipts The CAG mentioned that the State witnessed a 5.50% increase in revenue receipts during the year …

Explained | Kerala’s mounting public debt
2 years, 4 months ago

Explained | Kerala’s mounting public debt

The Hindu  

The story so far: Over the past few months, Kerala’s mounting debt liabilities have been brought into sharp focus with the Reserve Bank of India, the Comptroller and Auditor General, and the opposition Congress-led United Democratic Front flagging the issue. Kerala Infrastructure Investment Fund Board A body corporate constituted by the Government of Kerala to mobilise financial resources outside of …

Data | Poor revenues, higher spending increased debt burden of ten Indian States
2 years, 5 months ago

Data | Poor revenues, higher spending increased debt burden of ten Indian States

The Hindu  

The pandemic has worsened the fiscal positions of State governments. The revenue expenditure of many of these States constitute 80-90% of the total expenses and therefore they have poor capital spending. Within own tax revenue, States’ goods and services tax, States’ excise duties and sales tax are the major sources of revenue High revenue expenditure The share of revenue expenditure …

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