State governments contained their consolidated gross fiscal deficit within 3% of the gross domestic product and their revenue deficit at 0.2% of GDP during 2022-23 and 2023-24, the Reserve Bank of India said in its report on state finances. “In view of high debt levels, contingent liabilities and the rising subsidy burden, State government finances would benefit from the adoption …
New Delhi: Keeping fiscal prudence of the government in mind, the Lok Sabha on Tuesday approved a net additional outgo of Rs 58,378 crore in the current fiscal ending March 2024, while the gross additional spending sought by the government was over Rs 1.29 lakh crore, of which Rs 70,968 crore would be matched by savings and receipts. For the …
This special edition is part of our Guest Prudie series, where we ask smart, thoughtful people to step in as Prudie for the day and give you advice. It also sounds like your husband’s approach doesn’t make him happy, either, which is why it’s disappointing to hear he has no interest in seeking therapy. Dear Prudence, I’m about two months …
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 …
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