News Muncher - searching for budget

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

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 …

Budget 2024: Prioritising inclusivity and fiscal prudence

There was a lot of anticipation before this Budget. As the first major public policy announcement of the new government, it was expected that the Budget would lay down a plan of action for the following five years of the government’s approach towards the larger national vision of Viksit Bharat@2047. With the nine priority areas that followed, she articulated the …

Budget

Union Budget should focus on fiscal prudence, tax restructuring, agriculture reforms: SBI Research

As the Central government prepares for the Union Budget presentation on July 23, a research report by the State Bank of India has highlighted crucial areas that need attention to drive sustainable economic growth and development in the country. “Government should focus on adherence to fiscal prudence and continue on the fiscal consolidation path, but at the same time refrain …

Shapiro’s 1st Pennsylvania budget stresses schools, prudence

HARRISBURG, Pa. — Gov. Shapiro’s budget proposal comes as Pennsylvania keeps taking in robust tax collections, leaving it with billions in reserve, even as the administration faces demands for more money for schools, highways and social services. But, Shapiro said, he is also making “investments to build an economy that works for everyone, to create safe and healthy communities, to …

'CM Bommai's budget strikes fine balance between…': Karnataka Health Minister

Bengaluru, February 17 : Karnataka Health and Medical Education Minister K Sudhakar on Friday said that the budget strikes a fine balance between financial prudence and welfare of people and it will take "nectar of development" to all, stated an official release. CM has struck a fine balance between financial prudence and welfare and has consolidated the growth momentum through …

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS

Parliament Budget Session: Finance Minister Nirmala Sitharaman on Friday hailed the government's economic policies during the reply to the Budget 2023 debate in Lok Sabha. "If I can put in a few words the essence of budget 2023-24- it balances the requirement for India's development imperatives within the limits of fiscal prudence," said Sitharaman. Sitharaman said the new tax regime …

Budget 2023 | Choosing the path of prudence and continuity: T.T. Srinivasaraghavan

Finance Budget

Finance Minister Nirmala Sitharaman on Monday, in an exclusive interview to Network 18 editor-in-chief Rahul Joshi spoke about the government’s “fine balance” carried out through the Union Budget 2021. With tax buoyancy kept conservative; and with disinvestment, an improved GST collection, we will hopefully be looking at better times.” When asked if for a “fiscally prudent government”, the budget was …

In the weeks preceding the presentation of the Budget every year, many economists, politicians, and others urge the government to overlook fiscal concerns and spend more because “this time it is different” and “drastic situations demand drastic measures”. The National Statistical Office has reportedly pegged the central government’s fiscal deficit at 6.1 per cent or above in 2020-21. The fiscal …