Business Standard

States expect subdued revenue receipts in FY20; cut expenditure growth

With revenues expected to grow at a slower pace, states have curtailed their expenditures

Interim budget 2019

Interim budget 2019

Ishan Bakshi New Delhi
Over the past few weeks, several state governments have presented their budgets for 2019-20. A Business Standard analysis of 11 state budgets throws up four major trends. 

First, at the aggregate level, states have projected their own tax revenues to grow at a much slower pace in 2019-20 (BE) as compared to 2018-19 (RE). 

Second, while these states have pegged their non-tax revenues at almost the same level as last year, grants-in-aid from the Centre are budgeted to be marginally lower in the next financial year. 

Third, with revenue receipts expected to grow much slower in FY20, states have restricted

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First Published: Feb 27 2019 | 11:56 PM IST

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