revenue expenditure news
Latest from revenue expenditure
Budget’s 35% to foot salaries, pension bill
Excise revenue shows steep increase in past five years amid opposition’s demand to ban alcohol; calls for liquor ban have been growing stronger in the Jammu and Kashmir with PDP vociferously raising the issue across Kashmir
Published on Mar 08, 2025 10:10 AM IST
Ravi Krishnan Khajuria, Jammu
UP Budget goes bigger, but fund utilisation remains a challenge
Departments were able to use only about 55% of allocated funds in the first three quarters;.there are indications that the spendings remained less than 60% till January 31, 2025.
Published on Feb 21, 2025 06:42 AM IST
No new projects in ‘infra-driven’ BMC budget
MUMBAI: BMC unveils historic ₹74,427.41 crore budget for FY 2025-26, focusing on infrastructure without new projects or taxes, aiming for improved civic facilities.
Published on Feb 05, 2025 08:22 AM IST
UT administration falls ₹700 crore short its of projected tax revenue
According to figures updated by the Comptroller and Auditor General of India (CAG), out of a total revenue expenditure of ₹5, 858 crore, the administration incurred ₹5,053 crore in expenditure by December 31, 2024, leaving ₹708 crore to be spent in the last quarter
Updated on Jan 28, 2025 09:10 AM IST
Hillary Victor, Chandigarh
Use of budgetary funds remains a challenge in next quarter
Uttar Pradesh faces challenges in utilizing budget funds, with significant gaps in revenue and capital expenditure, prompting a review by officials.
Updated on Dec 29, 2024 07:34 AM IST
Umesh Raghuvanshi, Lucknow
Punjab government likely to miss capex target, only 32% achieved so far
Against a full-year capex of ₹10,354 crore envisaged in the budget, the state has spent ₹3,390 crore during the April-January period of the current fiscal, according to data on key economic indicators released recently. The capital expenditure incurred so far is 32.77% of the budgeted amount for FY24.
Updated on Mar 03, 2024 06:54 AM IST
Navneet Sharma, Chandigarh
BMC budget ₹46 cr shy of ₹60k cr mark
The Brihanmumbai Municipal Corporation (BMC) in Mumbai has announced a budget of ₹59,954.75 crore for 2024-25, just ₹46 crore short of the ₹60,000-crore mark. The allocation is 10.5% higher than the previous year, but no new projects were announced and little provision was made to address air pollution. The capital expenditure in this year's budget is higher than the revenue expenditure, with 53% going towards development. The budget includes allocations for the coastal road, the Goregaon Mulund Link Road, and a study on making major infrastructure projects self-sustainable.
Updated on Feb 03, 2024 08:32 AM IST
Is there more room for competitive populism?
Higher than expected tax revenues provide a cushion for the government. However, concerns remain about the medium-term fiscal deficit
Published on Nov 15, 2023 10:51 PM IST
Govt meets 6.4% fiscal deficit target for FY23
The fiscal deficit for FY23 is in lines with the fiscal glide path envisioned by finance minister Nirmala Sitharaman in the Union Budget
Updated on Jun 01, 2023 12:08 AM IST
Rajeev Jayaswal, New Delhi
CAG report: HP fiscal deficit down by 9.2% in 2018-19
Only 33% of the revenue receipts came from the state’s own resources comprising taxes and non-taxes; central transfers brought in the remaining 67%; state improves vis-a-vis share of capital expenditure to total expenditure
Updated on Sep 14, 2020 11:56 PM IST
Hindustan Times/Shimla | Gaurav Bisht, Shimla
Jai Ram presents tax-free budget in Himachal
With 25 new schemes, the budget estimate is around 11% higher than what was for the 2019-20 fiscal.
Published on Mar 06, 2020 10:39 PM IST
Hindustan Times, Shimla | HT Correspondent, Shimla
Funds for social services highlight Rajasthan budget
Gehlot said the government was dedicated to promoting a nirogi Rajasthan (healthy Rajasthan); farmers’ prosperity; the welfare of women, children and elderly; workers, students and youth; promoting education; improving availability of water and electricity and ensuring better roads; and improving skills.
Published on Feb 21, 2020 01:33 AM IST
Hindustan Times, Rajasthan | HT Correspondent
5 months on, KCR slashes his state budget by 20 percent amid slowdown worries
The Telangana Rashtra Samithi returned to power for a second successive term in December 2018, but the chief minister presented only a vote-on-account budget in February this year on the ground that there was no clarity on devolution of funds from the Centre in view of the Lok Sabha elections.
Updated on Sep 09, 2019 09:12 PM IST
Hindustan Times, Hyderabad | Srinivasa Rao Apparasu
UP: Higher gender budget a breather but missing old data a big challenge
The fund flow is to be increased since the centre has increased the gender budget from R1.25lakh cr to R1.37lakh cr.
Published on Jul 08, 2019 03:37 PM IST
Hindustan Times, Lucknow | Saurabh Chauhan, Lucknow
7th pay commission to cost Mumbai civic body, BMC, Rs 3,000 crore
The BMC plans cost-cutting measures after Monday’s budget allocated Rs 1,200 crore towards 7th pay commission implementation.
Updated on Feb 06, 2019 08:24 AM IST
Hindustan Times | Eeshanpriya M S, Mumbai
Speed up financial sanctions for larger use: Yogi tells officers
Taking strong exception to the failure of 32 major departments in utilising a large chunk of funds in the first six months of the current financial year, chief minister Yogi Adityanath asked senior officers to expedite financial sanctions to step up the pace of development work, ahead of 2019 Lok Sabha elections.
Published on Oct 26, 2018 01:44 PM IST
Hindustan Times, Lucknow | Umesh Raghuvanshi, Lucknow
Mid-term review: 32 major UP govt departments used only 31% budget in 6 months
A mid-term review has revealed that at least 32 state government departments have failed to use a major chunk of budgetary funds allocated to them to step up development works ahead of the 2019 Lok Sabha elections.
Published on Oct 25, 2018 03:14 PM IST
Hindustan Times, Lucknow | Umesh Raghuvanshi, Lucknow
Devendra Fadnavis asks for ₹81,000 crore even as finance commission says Maharashtra not spending enough on development
The commission pointed out the growth rate of state’s revenue had fallen to 11.05% in 2014-17 from 17.69% from 2009-13
Updated on Sep 20, 2018 09:30 AM IST
Hindustan Times | Faisal Malik, Mumbai
General Bipin Rawat, army brass discuss force restructuring
As reported by Hindustan Times on September 10, the army is likely to cut over 1.5 lakh troops over the next four to five years under the overarching cadre review exercise.
Published on Sep 12, 2018 12:09 AM IST
Hindustan Times, New Delhi | HT Correspondent
Mobilising funds a challenge for Yogi govt in Lok Sabha poll year
A major challenge of mobilising additional funds for major development works, and managing finances vis-à-vis the rising expenditure, stares the Yogi Adityanath government in the face ahead of the 2019 Lok Sabha elections.
Published on Sep 08, 2018 06:20 PM IST
Hindustan Times, Lucknow | Umesh Raghuvanshi, Lucknow