Articles for State Fiscal

State borrowings to surge about 18% in Q4 after slowing Q2 GDP growth
6 days, 4 hours ago

State borrowings to surge about 18% in Q4 after slowing Q2 GDP growth

Live Mint  

India’s state governments appear to be priming themselves for a significant capital expenditure push in the current quarter, offering hope of a drive towards reviving the pace of India’s economic growth after a succession of slow-growing quarters. The rise in state borrowings offers hope of a push towards broader economic recovery, following a notable slowdown in India’s gross domestic product …

India Growth Rajasthan Karnataka Market Uttar Pradesh Maharashtra
Bihar spent only 77.95% of the total budget ended in March 2023, surrendered 30.86% : CAG report
5 months, 2 weeks ago

Bihar spent only 77.95% of the total budget ended in March 2023, surrendered 30.86% : CAG report

The Hindu  

The latest Comptroller and Auditor General of India report for the year ended March 2023 said that the Bihar Government spent only 77.95% of the total Budget and surrendered 30.86% of the total savings. “The State spent only ₹2,35, 176.84 crore and surrendered ₹20, 526.71 crore of the total savings of ₹66,509.62 crore,” said the CAG report for the FY2022-23. …

Bihar Savings Budget State Report Crore Total
Sukhbir slams AAP for state’s deteriorating fiscal health
7 months, 2 weeks ago

Sukhbir slams AAP for state’s deteriorating fiscal health

Hindustan Times  

Shiromani Akali Dal president Sukhbir Badal on Wednesday slammed the Aam Aadmi Party government in the state for lack of development and poor fiscal management, which has pushed the state further into a debt trap. Sukhbir slams AAP for state’s deteriorating fiscal health Calling Bhagwant Mann-led Punjab government inexperienced, Sukhbir said AAP lacks vision for the development, appealing to electors …

Congress State Sad Mann Aap Sukhbir Slams Singh Badal
Missouri Supreme Court strikes down 2022 vote on KC police funding, citing faulty fiscal note
8 months, 1 week ago

Missouri Supreme Court strikes down 2022 vote on KC police funding, citing faulty fiscal note

Associated Press  

The Missouri Supreme Court on Tuesday took the unusual step of striking down a 2022 voter-approved constitutional amendment that required Kansas City to spend a larger percentage of its money on the police department, and ordered that the issue go back before voters in November. Democratic Kansas City Mayor Quinton Lucas filed suit in 2023, alleging that voters were misled …

Supreme Court Court Missouri State Vote Kansas City Lucas
What is Kerala’s fiscal autonomy suit all about? | In Focus podcast
8 months, 3 weeks ago

What is Kerala’s fiscal autonomy suit all about? | In Focus podcast

The Hindu  

Is it okay for the Union government to impose limits on how much a State government can borrow? This question, raised by the Kerala government, has been referred to a Constitution Bench by the Supreme Court. The key constitutional question that the Supreme Court wants a five-judge bench to decide is: whether ‘fiscal decentralistion’ is an integral aspect of Indian …

Kerala
The severe erosion of fiscal federalism
11 months ago

The severe erosion of fiscal federalism

The Hindu  

On February 8, Kerala Chief Minister Pinarayi Vijayan will lead a protest in New Delhi against the Centre for “placing Kerala on a financial embargo”. Kerala has moved the Supreme Court contending that the Centre’s imposition of a Net Borrowing Ceiling on the State, which limits borrowings from all sources, violates Article 293 of the Constitution. Major infrastructure projects initiated …

Kerala Constitution States Debt Public Accounts Fund Public
TS Government Achieves Half of Gross Earnings Target in Six Months
1 year, 2 months ago

TS Government Achieves Half of Gross Earnings Target in Six Months

Deccan Chronicle  

Hyderabad: The Telangana state government has achieved almost half of the gross earnings target for this fiscal 2023-24. The gross earnings in the first half of this fiscal has been recorded at Rs 1.18 lakh crore against the annual budgetary target of Rs 2.59 lakh crore. Of this, the state government has spent Rs 47,000 crore on welfare schemes alone. …

Tax Earnings State Crore
States may undershoot planned borrowings for Jan.-March: analysts
2 years ago

States may undershoot planned borrowings for Jan.-March: analysts

The Hindu  

States may not borrow as much as the record $41 billion they plan to in the January-March quarter, which will help keep the spread between State and central government bond yields in check, analysts said. States plan to sell bonds worth ₹3.41 trillion, the highest quarterly borrowing ever scheduled, in the last three months of the financial year, according to …

States State Trillion Borrowing
Amid surplus, Hogan pitches budget plan to incoming governor
2 years ago

Amid surplus, Hogan pitches budget plan to incoming governor

Associated Press  

Larry Hogan highlighted preliminary budget recommendations Thursday for the incoming administration of Gov.-elect Wes Moore at a time when the state has a big budget surplus. The term-limited Republican also urged lawmakers in the General Assembly, which is controlled by Democrats, to leave the big pot of reserves in the Rainy Day Fund intact, even as the legislature is acquiring …

General Budget State Democrat Plan Million Maryland
Uttam Kumar Reddy demands white paper on TS fiscal health
2 years, 1 month ago

Uttam Kumar Reddy demands white paper on TS fiscal health

Deccan Chronicle  

HYDERABAD: Congress MP N. Uttam Kumar Reddy demanded on Friday that the state government release a White Paper on the state's financial situation, claiming that it was on the verge of bankruptct and had no funds to spend on welfare schemes. While Chief Minister K. Chandrashekhar Rao tried to cover up the financial mismanagement with political statements, he said, the …

Financial Telangana State Uttam Uttam Kumar Reddy Kumar Reddy White Paper
India’s main opposition protests rising prices, lack of jobs
2 years, 4 months ago

India’s main opposition protests rising prices, lack of jobs

Associated Press  

NEW DELHI — Thousands of Indians rallied on Sunday under key opposition Congress party leader Rahul Gandhi, who made a scathing attack on Prime Minister Narendra Modi’s government over soaring unemployment and rising food and fuel prices in the country. Without naming the business leaders, Gandhi said two key groups were running India’s ports, airports, oil refineries, information technology sector …

India Congress Gandhi Modi
Telangana to raise Rs 1,187 crore through auction of bonds
3 years ago

Telangana to raise Rs 1,187 crore through auction of bonds

Deccan Chronicle  

Hyderabad: The state government has decided to raise another Rs 1,187 crore through auction of bonds by the Reserve Bank of India on Tuesday. With this, the total borrowings of the state government through auction of bonds will cross Rs 30,000 crore mark in the current fiscal 2021-22. As the Covid pandemic since March 2020 adversely affected the state government's …

Welfare Schemes State Crore Centre Development Programmes
The US economy needs more help. Congress is too divided to provide it
4 years, 3 months ago

The US economy needs more help. Congress is too divided to provide it

CNN  

New York CNN Business — Small businesses are disappearing. “At this point, a major stimulus package before the election looks like a long shot,” Goldman Sachs economists wrote in a note Friday. ‘Running out of steam’ Goldman Sachs said that Congressional failure to pass additional fiscal stimulus will force the Wall Street bank to downgrade itsUSeconomic growth forecast for the …

Economy Congress Bank Small Businesses Democrats Stimulus Fed
Plan a fiscal response around State spending
4 years, 7 months ago

Plan a fiscal response around State spending

Hindustan Times  

While we continue to debate whether the coronavirus disease is a black swan or white swan event, there is little doubt that it has exposed how fragile the economic system is. Tens of millions have lost their jobs, production has come to a halt and the aggregate demand has reached rock-bottom due to the steep fall in exports, investment and …

India State Rating Cras