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revenue expenditure
]Latest from revenue expenditure
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