Articles for Revenue Deficit

Is the Centre being iniquitous in State transfers?
4 months, 3 weeks ago

Is the Centre being iniquitous in State transfers?

The Hindu  

Following the Union Budget, Opposition Chief Ministers have boycotted and walked out of the NITI Aayog meeting chaired by the Prime Minister alleging that the Centre is discriminating against non-NDA States. R. Ramakumar: There are different types of transfers from the Centre to States: devolution of taxes, loans, finance commission grants and, non-finance commission grants, which are essentially discretionary grants. …

Kerala Constitution Budget States Transfers Grants Revenue
Tamil Nadu Finance Minister says the State Budget has not deviated from the path of fiscal consolidation
9 months, 2 weeks ago

Tamil Nadu Finance Minister says the State Budget has not deviated from the path of fiscal consolidation

The Hindu  

Amid financial constraints and ahead of the Lok Sabha elections, Tamil Nadu Finance Minister Thangam Thennarasu presented the State Budget for 2024-25. During the discussions on the Budget Estimates of 1967-68, the then Finance Minister Perarignar Anna had remarked “The lives of 3.5 crore people are determined by the 64 pages in this Budget. In this Budget Session, the Chief …

Finance Tamil Nadu Budget Funding Tamil Revenue State
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 …

Budget Maharashtra Capital Pawar State Crore Lakh
Punjab registers 22% jump in tax revenue
10 months ago

Punjab registers 22% jump in tax revenue

Hindustan Times  

Chandigarh : Punjab registered a 22% year-on-year jump in tax revenue in first 10 months of the financial year 2023-24 due to robust demand and stricter compliance. Punjab registered a 22% year-on-year jump in tax revenue in first 10 months of the financial year 2023-24 due to robust demand and stricter compliance. The tax revenue stood at ₹53,617 crore in …

Tax Revenue State Period Crore Punjab Tax Revenue
Tamil Nadu govt announces ‘seed distribution’ in State Agriculture Budget 2024
10 months ago

Tamil Nadu govt announces ‘seed distribution’ in State Agriculture Budget 2024

Live Mint  

Tamil Nadu Minister MRK Panneerselvam on Tuesday presented a separate ‘Agriculture Budger 2024-25’ in the state assembly. 2) 'One Village, One Crop' scheme presented in Tamil Nadu Agriculture budget 2024. Tamil Nadu's revenue deficit over ₹ 49,000 crore The Tamil Nadu government on Monday presented the 2024-25 budget, estimating the revenue deficit at over ₹49,000 crore and made new announcements …

Tamil Nadu Budget Tamil 2024 Crore Scheme Nadu
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 …

Tax Budget Revenue State Total Siddaramaiah Deficit
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. …

Financial State Crore Quarter First Quarter Estimate Revenue Deficit
Kalaignar Magalir Urimai Thogai is a massive, one-of-its-kind, data driven scheme: T.N. Finance Minister Thangam Thennarasu
1 year, 3 months ago

Kalaignar Magalir Urimai Thogai is a massive, one-of-its-kind, data driven scheme: T.N. Finance Minister Thangam Thennarasu

The Hindu  

The Kalaignar Magalir Urimai Thogai scheme, to be rolled out from September 15, is a massive data-driven scheme and one of its kind in the country, Tamil Nadu Finance Minister Thangam Thennarasu said. The Kalaignar Magalir Urimai Thogai scheme will make a significant impact on the lives of every eligible woman household. As the audit of the year takes pace …

Finance Tamil Nadu Budget State Crore Minister Last Year
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, …

Telangana Crore Cent Revenue Deficit
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 …

India Kerala Data States West Bengal Punjab Covid
AP gets Rs 10,460 crore from Centre as compensation towards revenue deficit
1 year, 6 months ago

AP gets Rs 10,460 crore from Centre as compensation towards revenue deficit

Deccan Chronicle  

VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy’s efforts towards getting additional funds from the Union Government yielded results as the Centre released Rs 460.87 crore as compensation towards revenue deficit. The YSR Congress, while recalling the failure of the Chandrababu-led TD government to get prompt release of funds from the Centre, are claiming that CM Jagan Mohan Reddy succeeded in …

State Centre Jagan Mohan Reddy Revenue Deficit Released Funds
Budget 2023: Know What Is Fiscal Deficit And How It Impacts Economy
1 year, 10 months ago

Budget 2023: Know What Is Fiscal Deficit And How It Impacts Economy

ABP News  

We are less than a week away from the announcement of the Union Budget 2023. Gross Primary Deficit = Gross Fiscal Deficit - Net interest liabilities Net interest liabilities consist of interest payments minus interest receipts by the government on net domestic lending. How Union Budgets See Fiscal Deficit In the Budget documents, the government gives accounts for Revenue Deficit, …

Budget Revenue Crore Cent Lakh Gdp Deficit
Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms
1 year, 11 months ago

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms

India TV News  

Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. FAQs Q1: When is the Indian Union Budget presented? A: The Indian Union Budget is presented on the first day of February, by the Finance Minister …

Finance India Total Expenditure Fiscal Deficit Finance Bill Union Budget
With potential recession looming, California estimates $25-billion deficit next year
2 years, 1 month ago

With potential recession looming, California estimates $25-billion deficit next year

LA Times  

Inside the California Capitol, lawmakers may soon be struggling with a projected $25-billion budget deficit. Driven by high inflation and the threat of a recession, the state faces a potential $25-billion budget deficit next year that could at minimum curb some recent spending increases for essential safety-net programs that help Californians most in need. “Using it to build up our …

Education Inflation Budget Funding Schools California Revenue
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 …

Revenue State Crore Deficit Fiscal Fiscal Deficit Revenue Deficit
TN Finance Minister presents Budget, says revenue deficit set to decline
2 years, 9 months ago

TN Finance Minister presents Budget, says revenue deficit set to decline

Deccan Chronicle  

The DMK government in Tamil Nadu on Friday presented the Budget for 2022-23 in the Assembly and Finance Minister Palanivel Thiaga Rajan said that for the first time since 2014, the revenue deficit is set to decrease by over Rs 7,000 crore. In view of the prudent fiscal management, the overall revenue deficit has decreased to Rs 55,272.79 crore in …

Finance Budget Revenue State Crore Minister Cent
Tamil Nadu budget 2022 highlights
2 years, 9 months ago

Tamil Nadu budget 2022 highlights

The Hindu  

Tamil Nadu Finance Minister Palanivel Thiaga Rajan presented the General Budget for 2022-23 in the House on March 18, 2022. Tamil Nadu Finance Minister Palanivel Thiaga Rajan, presenting the Budget, said the revenue deficit has been brought down by ₹ 7,000 crore. The Tamil Nadu government has allocated ₹50 crore for emerging sector seed funds in the State Budget, said …

Mental Health Tamil Nadu Budget Tamil House Crore Minister
The Finance Commission doesn’t rock the federal boat
3 years, 10 months ago

The Finance Commission doesn’t rock the federal boat

Live Mint  

BENGALURU : The four-volume report of the Fifteenth Finance Commission —titled “Finance Commission in Covid Times"—is rich in analysis. There were apprehensions that the Commission could reduce the states’ share in tax devolution—in fact, in its first report, it had stated that it would recommend sector-specific and performance-based grants in the final report. Local bodies On local bodies, the commission …

Finance Local States Grants Local Bodies State Commission
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 …

Budget Revenue Crore Lakh Revenue Receipts Deficit Fiscal
Fiscal deficit of states to hit peak of ₹8.7 lakh crore, says CRISIL
3 years, 11 months ago

Fiscal deficit of states to hit peak of ₹8.7 lakh crore, says CRISIL

The Hindu  

The States are headed for a fourfold expansion in their revenue deficit this fiscal over the last year due to far lesser tax collections, Crisil Ratings said in a report. “This will not only expand States’ aggregate gross fiscal deficit to an all-time high of ₹8.7 lakh crore, or 4.7% of GSDP, but also skew its composition towards revenue deficit …

States Revenue High Crisil Deficit Fiscal Revenue Deficit