Gujarat public debt to touch whopping Rs 4 lakh cr by 2023
4 years, 10 months ago

Gujarat public debt to touch whopping Rs 4 lakh cr by 2023

India TV News  

According to the Gujarat government's own projections, the state public debt will touch Rs. According to the state government's documents, the current status of state's public debt for the ensuing year of 2020-21, as per the budget estimate is Rs. Even though the state government might be claiming to be borrowing while keeping the cap of public debt to GSDP ratio to 27.1 per cent, the borrowings are constantly on the rise and seemingly no intention are evident by the state government to decrease it. 2,02,371.71 crores, while it paid only 8.20% of the total budget expenditure, the payment of public debt being Rs.

Budget Gujarat Debt State Crore Public Crores Total Public Debt  lakh  state  crore  crores  touch  public  rs  gujarat  debt  budget  whopping  cr  projections  total  2023

History of this topic

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target
2 weeks ago

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target

Deccan Chronicle  

New Delhi: Crossing the halfway mark in the first eight months of the year, India’s fiscal deficit stood at Rs 8.5 lakh crore or 52.5 percent of the Budget target. “Net tax receipts for the first eight months of the current financial year were at Rs 14.43 lakh crore, or 56 per cent of the annual target, compared with Rs …

Interest payment burden continues to mount as Telangana government grapples to raise resources
2 weeks, 4 days ago

Interest payment burden continues to mount as Telangana government grapples to raise resources

The Hindu  

Interest burden on Telangana’s finances continue to mount with every passing month leaving the State government to face a challenging time in managing its finances in the coming days. The government has projected ₹17,729 crore towards interest payments during the current financial year in the budget estimates. But the quantum of interest paid is ₹17,080 crore till November-end with four …

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill
1 month, 3 weeks 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 …

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

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25
5 months, 2 weeks ago

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25

News 18  

The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year. The total debt stood at Rs 171.78 lakh crore, or 58.2 per cent of the gross domestic product, at the end of …

Jagan writes to AP governor over 'distortions of facts'
5 months, 2 weeks ago

Jagan writes to AP governor over 'distortions of facts'

Deccan Chronicle  

Former chief minister and YSRC president YS Jagan Mohan Reddy wrote a letter here on Friday to Governor Justice S Abdul Nazeer about the “distortion of facts” in the Governor's address to the joint session of the AP Legislature on 22nd July, 2024.The address is prepared by the state government and read out by the governor with or without changes.Jagan …

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25
6 months, 2 weeks ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu  

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
10 months, 2 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 Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit
10 months, 4 weeks 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 …

Assam govt presents ₹774.47 crore deficit budget; no new taxes proposed
11 months ago

Assam govt presents ₹774.47 crore deficit budget; no new taxes proposed

Hindustan Times  

With no new taxes proposed, Assam finance minister Ajanta Neog on Monday presented the state’s ₹774.47 cr deficit budget for 2024-25 financial year. Addressing the ongoing budget session, Neog mentioned that the total budget for the coming financial year will be ₹2.9 lakh crore. If we take into account the deficit of ₹2369.41 crore at the start of the financial …

Kerala’s public debt comes down to ₹2.38 lakh crore
11 months, 2 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
1 year 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 …

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 …

Himachal’s per capita debt over ₹1 lakh: Govt white paper
1 year, 3 months ago

Himachal’s per capita debt over ₹1 lakh: Govt white paper

Hindustan Times  

Himachal deputy chief minister Mukesh Agnihotri on Thursday presented a white paper on the financial condition of the state and said that due to the mess created by the previous Bharatiya Janata Party dispensation, there is a debt of ₹1,02,818 on each person in the hill state. The deputy CM said the former Bharatiya Janata Party dispensation had taken a …

Congress in Karnataka might use 20% of the state budget, an estimated sum of Rs 62,000 crore to provide the freebies it promised before elections: Reports
1 year, 7 months ago

Congress in Karnataka might use 20% of the state budget, an estimated sum of Rs 62,000 crore to provide the freebies it promised before elections: Reports

Op India  

The Congress party’s significant victory against the Bharatiya Janata Party in Karnataka has emerged as the result of a variety of circumstances, but the freebies that the party provided to the populace may have tipped the scale in its favour. Nearly 20% of the state budget is represented by the estimated sum of Rs 62,000 crore. According to the most …

Fiscal deficit dips as Delhi government changes formula
1 year, 9 months ago

Fiscal deficit dips as Delhi government changes formula

The Hindu  

Delhi’s fiscal deficits for 2020-21 and 2022-23 have seen a fall after a change by the AAP government in the calculation formula, showed budget documents. However, last year’s budget documents showed that the fiscal deficit for 2020-21 was ₹9,972 crore. The fiscal deficit, according to last year’s budget document, is calculated as sum of ‘revenue receipts’, ‘recoveries of loans’ and …

Data | Five Southern States took off-Budget loans worth ₹2.34 lakh crore in FY21
1 year, 10 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 …

State’s tax burden shoots up to Rs 3.57 lakh crore
1 year, 11 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. …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
1 year, 11 months ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report
2 years ago

Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report

Deccan Chronicle  

NEW DELHI: The total liabilities of the government increased to Rs 147.19 lakh crore at September-end from Rs 145.72 lakh crore at the end of June this fiscal year, according to the latest data on public debt. Public debt accounted for 89.1 per cent of total gross liabilities at September-end 2022, up from 88.3 per cent as on June 30, …

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 …

India’s GDP grows by 13.5% in the first quarter of financial year 2022-23
2 years, 4 months ago

India’s GDP grows by 13.5% in the first quarter of financial year 2022-23

Op India  

Continuing with the trend of recovery of the economy following the devasting effects of the Covid-19 pandemic, the Indian economy grew by 13.5% during the first quarter of the current financial year. The ministry said that the real GDP at Constant Prices in Q1 2022-23 is estimated to attain a level of ₹ 36.85 lakh crore, as against ₹ 32.46 …

Fiscal deficit touches 20.5% of annual target in April-July: official data
2 years, 4 months ago

Fiscal deficit touches 20.5% of annual target in April-July: official data

The Hindu  

The Central Government's fiscal deficit touched 20.5% of the annual target at the end of July 2022-23 against 21.3% a year ago, reflecting improvement in public finance, as per official data released on Wednesday. As per the data released by the Controller General of Accounts, the government's receipts, including taxes, stood at ₹7.85 lakh crore or 34.4% of the Budget …

Explained | Kerala’s mounting public debt
2 years, 5 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 …

Telangana: Big projects yield no cash, hits state plans
2 years, 7 months ago

Telangana: Big projects yield no cash, hits state plans

Deccan Chronicle  

HYDERABAD: Mission Bhagiratha and the Kaleshwaram project account for a major chunk of bank guarantees given by the state government for raising loans. The Centre wants to treat bank guarantees as part of state government debt, which the Telangana state government is strongly opposed to. The state government created the Kaleshwaram Irrigation Project Corporation Ltd to raise funds for the …

AP govt presents Rs 2.56 lakh crore budget for 2022-23
2 years, 10 months ago

AP govt presents Rs 2.56 lakh crore budget for 2022-23

Deccan Chronicle  

Amaravati: The Andhra Pradesh government on Friday presented the Budget for 2022-23 with a proposed expenditure of Rs 2.56 lakh crore and a projected revenue deficit of Rs 17,036 crore. Finance Minister Buggana Rajendranath presented the ambitious budget although the government fell short of its expenditure estimates in 2021-22 by a whopping Rs 55,182 crore. With the next assembly elections …

Budget 22-23 reflects growing debt burden
2 years, 10 months ago

Budget 22-23 reflects growing debt burden

Deccan Chronicle  

HYDERABAD: Telangana's debt burden continues to rise and reached the threshold of 25 per cent of GSDP against 22 per cent earlier as per the budget presented in the Legislative Assembly on Monday. The debt burden increased to Rs 3.29 lakh crore from Rs 2.85 lakh crore last year as per Budget estimates. The overall debt burden of state government …

Centre to borrow Rs 11.6 lakh Crore in FY'23 to meet expenditure requirement
2 years, 11 months ago

Centre to borrow Rs 11.6 lakh Crore in FY'23 to meet expenditure requirement

India TV News  

Highlights Total market borrowings of the government for 2022-23 are estimated at Rs 11,58,719 crore. This is nearly Rs 2 lakh crore higher than the current year's Budget estimate of Rs 9.7 lakh crore. The government will borrow about Rs 11.6 lakh crore from the market in 2022-23 to meet its expenditure requirement. Gross borrowing for the next financial year …

India seen boosting budget spending on infrastructure
2 years, 11 months ago

India seen boosting budget spending on infrastructure

Deccan Chronicle  

NEW DELHI: India plans to raise spending on infrastructure in its annual budget next week to set the economy on a firmer footing, but fiscal constraints leave little chance of concessions for households hurting from the pandemic, officials said. Yet these are likely to be overshadowed by spending to beef up transport and healthcare networks, which analysts estimate could rise …

Modi govt's fiscal deficit touches 18.2% of annual target at end of June
3 years, 5 months ago

Modi govt's fiscal deficit touches 18.2% of annual target at end of June

India Today  

The central government's fiscal deficit stood at Rs 2.74 lakh crore or 18.2 per cent of the full year's Budget estimate at the end of June, according to data released by the Controller General of Accounts on Friday. For the current financial year, the government expects the fiscal deficit at 6.8 per cent of GDP or Rs 15,06,812 crore. As …

Tamil Nadu’s borrowing touch ₹82,000 crore in FY2020-21
3 years, 10 months ago

Tamil Nadu’s borrowing touch ₹82,000 crore in FY2020-21

The Hindu  

Tamil Nadu’s market borrowings has touched ₹82,000 crore in FY2020-21, up 37% from ₹59,990 crore in the comparable period last year. On Tuesday, Tamil Nadu raised ₹2,500 crore through re-issue of a 10-year bond also called as State Development Loans. Tamil Nadu, Maharashtra, Uttar Pradesh, Karnataka, Rajasthan and Andhra Pradesh have been the top six borrowing states, accounting for 53% …

Tamil Nadu, 20 Other States to Borrow Additional Rs 78,452 Cr to Meet Revenue Shortfall
4 years, 3 months ago

Tamil Nadu, 20 Other States to Borrow Additional Rs 78,452 Cr to Meet Revenue Shortfall

News 18  

A day after granting permission to 20 states for mobilising Rs 68,825 crore, the government on Wednesday allowed Tamil Nadu to raise an additional Rs 9,627 crore through open market borrowings to bridge the revenue shortfall caused by the COVID-19 pandemic. The borrowing permission issued to the 21 states is over and above the borrowing permission of around Rs 1.10 …

States' Market Borrowings Jump 55% to Rs 3.75 Lakh Crore So Far This Fiscal
4 years, 3 months ago

States' Market Borrowings Jump 55% to Rs 3.75 Lakh Crore So Far This Fiscal

News 18  

The states' market borrowings have jumped 55 per cent to Rs 3.75 lakh crore so far this fiscal, or 75 per cent of the budgeted amount, with 17 of them raising an additional Rs 22,350 crore from the latest auction of state development loans held on Tuesday. So far this fiscal year, 28 states and two Union Territories have cumulatively …

Government to borrow ₹4.34 trillion in H2 as planned in May
4 years, 3 months ago

Government to borrow ₹4.34 trillion in H2 as planned in May

Live Mint  

NEW DELHI: The central government on Wednesday said it will borrow ₹4.34 trillion in the second half of the fiscal, sticking to its ₹12 trillion borrowing plan for the whole year as decided in May. Economic affairs secretary Tarun Bajaj, at a briefing, said the borrowing target was raised to ₹12 trillion in May from the originally budgeted figure of …

PM Modi can learn from CM Modi| Analysis
4 years, 7 months ago

PM Modi can learn from CM Modi| Analysis

Hindustan Times  

Prime Minister Narendra Modi, in his address to the nation on May 12, said that Rs 20 lakh crore for 2020 will be the size of India’s coronavirus disease economic recovery package. The PM’s farcical Rs 20 lakh crore for 2020 claim became the focal point for all discussions on what was supposed to be a serious recovery plan to …

Fiscal deficit hits 102% of Budget Estimate till Oct, exceeds full-year target
5 years, 1 month ago

Fiscal deficit hits 102% of Budget Estimate till Oct, exceeds full-year target

Live Mint  

New Delhi: The country's fiscal deficit hit 102.4% of 2019-20 Budget Estimate at ₹7.2 lakh crore at the end of October, government data showed on Friday. The fiscal deficit or the gap between expenditure and revenue was at ₹7,20,445 crore as on October 31, 2019, according to the data released by the Controller General of Accounts. The government has estimated …

Fiscal deficit touches Rs 4.32 lakh crore in Q1; reaches 61.4% of budget estimate for 2019-20
5 years, 5 months ago

Fiscal deficit touches Rs 4.32 lakh crore in Q1; reaches 61.4% of budget estimate for 2019-20

Firstpost  

New Delhi: The government’s fiscal deficit touched Rs 4.32 lakh crore for the June quarter, which is 61.4 percent of the budget estimate for 2019-20 fiscal. In absolute terms, the fiscal deficit or gap between expenditure and revenue was Rs 4.32 lakh crore during at June-end, as per the data released by the Controller General of Accounts on Wednesday. The …

Gujarat Finance Minister Nitin Patel presents highest-ever Rs 2 lakh crore-plus budget
5 years, 6 months ago

Gujarat Finance Minister Nitin Patel presents highest-ever Rs 2 lakh crore-plus budget

India TV News  

Gujarat Finance Minister Nitin Patel on Tuesday presented Rs 2,04,815 crore budget - the state's highest-ever - for 2019-20, with an overall surplus of Rs 572 crore and additional taxes to the tune of Rs 287 crore. Presenting his seventh budget, Patel called it a "historical moment as the first time since the formation of the state, a budget size …

Maharashtra economic survey: High goals, but state’s growth rate low
5 years, 6 months ago

Maharashtra economic survey: High goals, but state’s growth rate low

Hindustan Times  

While the government has set an ambitious target of making Maharashtra a trillion-dollar economy by 2025, the economic survey 2018-19 presented in the legislature on Monday showed the growth rate has remained at 7.5% of the Gross State Domestic Product, the same as 2017-18. The drop in the agriculture growth by 2.7% against last year has resulted in the decline …

Interim Budget 2019: Government pegs market borrowing at Rs 4.48 lakh crore for financial year 2020
5 years, 11 months ago

Interim Budget 2019: Government pegs market borrowing at Rs 4.48 lakh crore for financial year 2020

India TV News  

The government will borrow Rs 4.48 lakh crore from the market in 2019-20, marginally higher than the Rs 4.47 lakh crore estimated for the current financial year ending March 2019. Budget 2019-20 documents showed that gross borrowing would be Rs 7.1 lakh crore for 2019-20, higher than Rs 5.71 lakh crore estimated this year. Presenting the Budget, Finance Minister Piyush …

Govt cuts market borrowing target by Rs 70,000 cr for current fiscal; will contain fiscal deficit at 3.3%
6 years, 3 months ago

Govt cuts market borrowing target by Rs 70,000 cr for current fiscal; will contain fiscal deficit at 3.3%

Firstpost  

The government had budgeted a gross borrowing programme of Rs 6.05 lakh crore, which now stands reduced by Rs 70,000 crore. New Delhi: Economic Affairs Secretary S C Garg on Friday announced a reduction in gross borrowing estimate for the current fiscal by Rs 70,000 crore and maintained that the government will contain fiscal deficit target at 3.3 percent. Giving …

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