Thiruvananthapuram corporations' allocated revenue deficit for 2023-24 was highest in Kerala: RBI
1 month, 1 week ago

Thiruvananthapuram corporations' allocated revenue deficit for 2023-24 was highest in Kerala: RBI

New Indian Express  

THIRUVANANTHAPURAM: Municipal corporations in Kerala budgeted the highest aggregate revenue deficit for 2023-24, according to the Reserve Bank of India’s ‘Report on Municipal Finances’ released on Wednesday. Civic bodies in Maharashtra budgeted the highest revenue surplus of Rs 11,104 crore in the same fiscal year. Besides Kerala, only seven other states posted a revenue deficit: Uttar Pradesh, Jammu and Kashmir, Chhattisgarh, Bihar, Himachal Pradesh, Jharkhand and Tripura. At Rs 789 crore, Kerala had the highest total revenue deficit while Tripura posted the lowest deficit of Rs 2 crore.

Kerala Revenue Crore Municipal Surplus Municipal Bonds  highest  allocated  deficit  202324  mcs  kerala  rs  report  municipal  surplus  corporations  crore  pradesh  revenue  thiruvananthapuram  rbi

History of this topic

Telangana Fails to Meet Revenue Targets in First Six Months
1 month ago

Telangana Fails to Meet Revenue Targets in First Six Months

Deccan Chronicle  

Hyderabad: Telangana's revenue collection in the first six months of the financial year 2024-25 stood at Rs.1,25,989.74 crore, which is 45.97 per cent of the full year Budget estimates of Rs.2,21,242.23 crore. This marks a modest 5.28 per cent decline in revenue realisation compared to 51.25 per cent revenue collected during the corresponding period last year. Tax revenue was Rs.82,135.38 …

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 …

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG
1 month, 2 weeks ago

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG

The Hindu  

Tamil Nadu’s Own Tax Revenue grew about 14% to ₹86,975.28 crore in the first half of fiscal 2024-25 from ₹76,257.13 crore in the first half of 2023-24, according to the provisional figures from the Comptroller and Auditor-General. Among the SOTR components, the State Goods and Services Tax collection grew 20.12% to ₹35,414.05 crore in the first half of 2024-25 from …

Telangana reported huge jump in tax revenue, state tells CAG
4 months, 2 weeks ago

Telangana reported huge jump in tax revenue, state tells CAG

Deccan Chronicle  

Hyderabad: The Telangana state government reported a significant increase in its tax revenue for the first quarter of the fiscal year 2024-25, with collections rising by over Rs 3,600 crore compared to the same period last year. The state's tax revenue reached Rs 34,609 crore in the April-June quarter, according to the income and expenditure report submitted to the Comptroller …

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, …

Kerala's revenue soars to Rs 77,000 cr
7 months ago

Kerala's revenue soars to Rs 77,000 cr

Deccan Chronicle  

“We've managed a record increase in the state's own revenue even as the Centre financially squeezes us. The state's own tax revenue rose from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24,” Balagopal said. “Without this increase, Kerala's economy would have collapsed due to the central government's anti-state policies.” The minister also noted that the state government …

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 …

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’
10 months ago

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’

Hindustan Times  

Tamil Nadu finance minister Thangam Thennrasu on Monday presented the state budget for 2024-25 announcing a total outlay of ₹3.48 lakh crore, along with a revenue deficit of over ₹49,000 crore as the government promised an increased focus on infrastructure and expanding welfare schemes encompassing “seven Tamil dreams” with no new populist announcement, aiming at fiscal prudence. The alleged “inordinate …

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 …

Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes
10 months, 1 week ago

Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes

The Hindu  

February 16, 2024 09:37 am | Updated 03:12 pm IST Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented a revenue-deficit Karnataka Budget for 2024-25 on February 16 with a total outlay pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. With the deficit pegged at ₹27,354 crore, this is also perhaps the first …

Budget 2024: It’s tax buoyancy that shrank the deficit
10 months, 3 weeks ago

Budget 2024: It’s tax buoyancy that shrank the deficit

Live Mint  

A quick glance at the fiscal arithmetic reveals that there is no severe fiscal austerity proposed in the budget. Given nominal GDP growth of 10.5% and aggregate tax revenue growth of 11.5%, the government has met its fiscal deficit target through tax buoyancy, and not through severe public expenditure reduction. As against a 2023-24 Budget Estimate of ₹61,000 crore, the …

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 …

Consistent increase in 2023-24 revenue collections: UP govt
1 year ago

Consistent increase in 2023-24 revenue collections: UP govt

Hindustan Times  

LUCKNOW The UP government on Tuesday claimed a consistent increase in its revenue receipts with a collection of ₹2,580.78 crore more in November this year. We have maintained transparency in the release of data about tax and non-tax collections,” said minister for revenue Suresh Khanna while releasing the details about the state government’s total revenue collections. The state government’s non-tax …

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. …

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, …

A macro view of the fiscal health of States
1 year, 5 months ago

A macro view of the fiscal health of States

The Hindu  

In India, the States mobilise altogether more than a third of total revenue, spend 60% of combined government expenditure, and have a share in government borrowing that is around 40%. Fiscal challenges However, there are significant fiscal challenges that need correction in the short to medium time frame — the most critical being containing the revenue deficit of States. Out …

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 …

Bihar govt. presents ₹2.61 lakh crore ‘revenue surplus Budget’ for fiscal 2023-24
1 year, 9 months ago

Bihar govt. presents ₹2.61 lakh crore ‘revenue surplus Budget’ for fiscal 2023-24

The Hindu  

Bihar Finance Minister Vijay Kumar Choudhary on February 28, 2023 tabled over ₹2.61 lakh crore ‘revenue surplus Budget’ in the State Assembly, while putting thrust on employment, health and education sectors. “In our estimated revenue arrangement this is a revenue surplus Budget in which the State’s growth rate will be above 10%,” he told mediapersons, after presenting the Budget for …

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 …

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 …

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 …

TN Budget: Fiscal deficit falls to 3.80% from 4.61%, revenue deficit too declines
2 years, 9 months ago

TN Budget: Fiscal deficit falls to 3.80% from 4.61%, revenue deficit too declines

The Hindu  

Tamil Nadu’s fiscal deficit for 2021-22 is poised to see a significant reduction from 4.61% down to 3.80% and the State will see a reduction in the absolute level of the revenue deficit by over ₹7,000 crore, “reversing an alarming trend of increasing deficits every year since 2014,” Finance Minister Palanivel Thiaga Rajan said in the Assembly on Friday. Presenting …

Andhra Pradesh government presents budget with an outlay of ₹2.56 lakh crore
2 years, 9 months ago

Andhra Pradesh government presents budget with an outlay of ₹2.56 lakh crore

The Hindu  

: Finance Minister Buggana Rajendranath Reddy on Friday presented the Budget for 2022-23 with a proposed expenditure of ₹2.56 lakh crore. Recently, the Andhra Pradesh State High Court directed the State government to construct and develop Amaravati, the capital city of the State, and the capital region within six months. With the next assembly elections just two years away, the …

Andhra Pradesh\'s buoyancy on revenue front, despondency on the other
2 years, 10 months ago

Andhra Pradesh\'s buoyancy on revenue front, despondency on the other

Deccan Chronicle  

Amaravati: Andhra Pradesh's revenues showed a buoyant growth at the end of the third quarter of the 2021-22 financial year but the overall economic situation remained “beyond alarming” because of a 918 per cent revenue deficit, coupled with a 156.93 per cent fiscal deficit. Interestingly, the state government borrowed Rs 58,111.85 crore in the first 9 months of the current …

Andhra Pradesh's revenue deficit soars 662 per cent in H1
3 years, 1 month ago

Andhra Pradesh's revenue deficit soars 662 per cent in H1

Deccan Chronicle  

Amaravati: Andhra Pradesh's revenue deficit soared by an unprecedented 662.80 per cent while the fiscal deficit was up 107.79 per cent in the first half of the 2021-'22 financial year. According to CAG's accounts for the first half of the fiscal, AP's total receipts touched 1,04,804.91 crore, including Rs 39,914.18 crore borrowings. In the first half of the current fiscal, …

Union Budget 2021 should focus on putting economy back on track, not on arresting fiscal deficit, says India Ratings
3 years, 10 months ago

Union Budget 2021 should focus on putting economy back on track, not on arresting fiscal deficit, says India Ratings

Firstpost  

Mumbai: The forthcoming Union Budget should focus more on putting the economy back on track and not too much on arresting fiscal deficit, which is seen at 6.2 percent in 2021-22, down from 7 percent this year, according to a report. The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 percent of GDP, but …

AP Govt's Borrowings for First Half of 2020-21 Fiscal Far Exceeded Revenues, Says CAG Report
4 years, 1 month ago

AP Govt's Borrowings for First Half of 2020-21 Fiscal Far Exceeded Revenues, Says CAG Report

News 18  

The Andhra Pradesh government’s borrowings for the first half of the 2020-21 fiscal far exceeded revenues and the revenue deficit touched a staggering Rs 45,472.77 crore, according to the state finance accounts released by the Comptroller and Auditor General. AP’s tax revenue during the April-September period was just Rs 29,936.39 crore, compared to Rs 41,904.25 crore during the corresponding period …

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