Budget

CAG terms Assam budget 2023-24 'unrealistic', questions excessive grants

The Comptroller and Auditor General (CAG) has termed the Assam government budgetary assumptions for 2023-24 "unrealistic and overestimated," pointing out that in several cases supplementary grants were approved where expenditure of the original allotted funds was not even done. It also highlighted non-submission of Utilisation Certificates (UCs) and annual accounts of several autonomous councils and other bodies. The CAG report on state finances for 2023-24, laid in the Assembly on Saturday, said the budgetary assumptions of the state government "continued to be unrealistic and overestimated" during the fiscal year, as it incurred an expenditure of Rs 1,39,449.66 crore against grants and appropriations of Rs 1,69,966.13 crore, resulting in overall savings of Rs 30,516.47 crore. These savings stood at 17.95 per cent of total grants and appropriations made for the year. The report said that "the savings were notional, as the funds were not actually available for expenditure", since t

FM Nirmala Sitharaman holds pre-Budget meet with energy, infra leaders

Finance minister Nirmala Sitharaman on Friday chaired her tenth pre-budget consultation, engaging key leaders from the energy and infrastructure sectors ahead of Union Budget 2026-27

Rachel Reeves signals possible UK tax hikes ahead of November budget

In a pre-budget speech in Downing Street carried on national broadcasters, Reeves argued she would prioritize bringing down borrowing costs and inflation

French PM Lecornu rejects forced Budget law, seeks cross-party support

France's new prime minister announced Friday he would not use a special constitutional power to force a budget through parliament without a vote and will instead seek a compromise with lawmakers from the left and the right. Sbastien Lecornu, a 39 year-old centrist, was appointed last month by President Emmanuel Macron after political turmoil over planned spending cuts that led to the fall of his predecessor. Friday's move seek to prevent a no-confidence motion from being voted at parliament, where Lecornu lacks a majority. Each lawmaker must be able to have power, must be able to have responsibility, Lecornu said. I decided to renounce using the article 49.3 of the Constitution. The government will need to change its method, build compromises during the parliamentary debate, he added. The so-called 49.3 article provides says the government can pass a bill without a vote at the National Assembly, the lower house of parliament. Lecornu's predecessor, Franois Bayrou, used it to pass

Jharkhand govt tables ₹4,296.62 crore supplementary budget for FY26

The Jharkhand government on Friday tabled a supplementary budget of Rs 4,296.62 crore in the assembly for the current fiscal 2025-26. Finance Minister Radhakrishna Kishore tabled the first supplementary budget for this financial year. The debate on the demands is scheduled to be held on August 25. The supplementary demands for the current fiscal were initially scheduled to be presented on August 4, but could not be tabled as the House was adjourned sine die as a mark of respect to former chief minister Shibu Soren, who died on that day. Earlier in March, Kishore tabled the annual budget of Rs 1.45 lakh crore for the financial year 2025-26 in the state assembly.

Andhra's revenue deficit breaches 110% of budget estimate in first 4 months

Andhra Pradesh's revenue deficit crossed 110 per cent of the budget estimate, by reaching Rs 36,741 crore in the first four months of the current fiscal, against the projected deficit of Rs 33,186 crore for the entire year, indicating that the state will have to rely heavily on borrowings or Central government assistance . According to the latest statistics released by the Comptroller and Auditor General (CAG), the fiscal deficit for April-July period stood at Rs 48,354.02 which is about 61 per cent of the projected Rs 79,926.90 crore for the financial year. However, the Goods and Services Tax collections grew significantly, achieving 61 per cent of the budget estimate of Rs 27,477.15 crore in the four months. Of the total revenue receipts of Rs 2,97,929.16 crore for the full year, the state achieved Rs 33 per cent at Rs 98,281.42 crore, including Rs 49,198.29 crore of borrowings and other liabilities in the last four months. India Ratings & Research, in a latest report, said for

Pakistan raises defence budget by 20% after Op Sindoor, cuts overall outlay

Pakistan's total budget outlay decreases by 7% to 17.573 trillion Pakistani rupees ($62 billion)

MMRDA presents Rs 40,000 crore Budget for FY26; deficit at Rs 3,249 crore

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis. Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore. This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said. The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure.. Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National

Delhi to prudently handle social welfare schemes, capex to widen fisc

The Rekha Gupta government proposed a 32 per cent rise in expenditure to Rs one trillion in FY 26 with the share of capital expenditure expected to rise to 28 per cent from 21 per cent in FY 25 (RE)

Telangana govt unveils Rs 3.05 trn budget with focus on welfare schemes

The Congress government in Telangana on Wednesday presented a budget of nearly Rs 3.05 lakh crore for 2025-26, with major allocations going for the welfare schemes. The budget estimates revenue expenditure of Rs 2,26,982 crore and capital expenditure of Rs 36,504 crore, said Deputy Chief Minister Mallu Bhatti Vikramarka who tabled the financial document in the state Assembly. "For the fiscal year 2025-26, I am proposing a total expenditure of Rs 3,04,965 crore, with revenue expenditure of Rs 2,26,982 crore and capital expenditure of Rs 36,504 crore," he said. The state government has proposed an allocation of Rs 24,439 crore for the Agriculture Department, including towards the Rythu Bharosa Scheme, under which each farmer receives Rs 12,000 per acre annually as investment support and an additional incentive of Rs 500 per quintal for fine variety paddy procured from farmers. Rs 31,605 crore has been earmarked for the Panchayati Raj and Rural Development Department, while Education

Germany's landmark spending package secures parliamentary approval

The controversial legislation pushed by conservative Chancellor-in-waiting Friedrich Merz was approved Tuesday in the lower house of parliament with 512 votes out of a total of 733

Parliament clears Rs 51,463 cr extra spending for FY25, Manipur FY26 budget

Parliament on Tuesday approved the supplementary demands for grants, which entails Rs 51,463 crore additional spending in the current fiscal and the Manipur Budget for 2025-26 with the Rajya Sabha returning four bills to the Lok Sabha. Parliament also approved the Rs 1,291 crore demands for excess grants for 2021-22 fiscal and the Rs 1,861 crore supplementary demands for grants for Manipur in 2024-25. The Lok Sabha had passed the supplementary demands for grants and the Manipur Budget for 2025-26 on March 11. The Rajya Sabha returned The Appropriation Bill, 2025; The Appropriation (No. 2) Bill, 2025; The Manipur Appropriation (Vote on Account) Bill, 2025; and The Manipur Appropriation Bill, 2025, after the reply by Finance Minister Nirmala Sitharaman to a discussion on the four bills. The second batch of supplementary demands for grants entails a gross additional spending sought by the government was over Rs 6.78 lakh crore, of which Rs 6.27 lakh crore would be matched by savings a

Delhi CM holds Budget discussion with farmers, assures them of all help

Chief Minister Rekha Gupta Saturday received feedback from Delhi farmers ahead of the tabling of her government's budget on March 25 and assured them of solving all their problems. In an interaction held at the Delhi Secretariat, the farmers raised their demands for the immediate implementation of a land pooling policy, subsidy on fertilisers and seeds, and saving standing crops from inundation due to overflowing drains during the rainy season. The farmers also informed the chief minister that their diesel-run tractors were seized after those completed 10 years. They demanded that the government allow them to use tractors for farming purposes for up to 20 years. Besides the chief minister, PWD minister Parvesh Verma was also present during the interaction. CM Gupta said that the previous governments "did nothing for farmers and neglected their needs" but the "double-engine" government of the BJP would address their every issue. "Each suggestion received from the farmers will be loo

Ruckus over rupee diverted attention from Rs 1,000 cr kickbacks: Annamalai

Tamil Nadu BJP president K Annamalai on Friday claimed that the "ruckus over the rupee" was "artificially created" by the Tamil Nadu government to divert attention from the Rs 1,000 crore kickbacks identified by the Enforcement Directorate in the state-run liquor corporation, TASMAC. Annamalai made these remarks while attending an event at Jain (Deemed-to-Be) University in Jayanagar, Bengaluru. "BJP walked out of the Assembly todayour four MLAsfor the simple reason that the whole budget is an eyewash. There's nothing productive about it, considering the last four budgets of the Tamil Nadu government," said the BJP state president to PTI Videos. Annamalai said that the Tamil Nadu government is yet to "learn its lesson" from Thursday's fiasco. "We believe that the Assembly should have been prepared, and the CM should have addressed the TASMAC issue today, even during the budget session. The rot runs deep. That is why we walked out," added Annamalai. He also criticised the state ...

Language dispute: Tamil Nadu drops rupee symbol from Budget logo

Chief Minister M K Stalin released the new logo on the X platform in a pre-Budget video

No new schemes in Assam budget, focus on expanding existing ones: CM

Assam Chief Minister Himanta Biswa Sarma on Tuesday said the state budget for 2025-26 has no new announcements, as the government is focused on expansion of existing schemes and ensuring that the benefits percolate to more people. He maintained that the Assam government is pursuing a model of development where physical infrastructure is built along with taking forward culture and heritage. "Some are trying to say that this is an election budget. But, there are no new announcements in it," Sarma said during a discussion on the budget in the assembly. He said the budget focuses on taking forward the existing schemes with some new additions. Some of the new additions in the budget the second BJP-led state government's last full-fledged one before the assembly polls next year relate to the ones about the OTT platform for Assamese content and own satellite, the chief minister said. Assam's budget and capital expenditure have increased manifold over the last 10 years, he asserted, add

FM Sitharaman tables Manipur Budget with total expenditure of Rs 35K cr

The state, currently under President's rule, has seen an increase of 9 per cent in the total capital outlay to ₹7,773 crore over the current financial year ending March 2025

Centre tables Manipur budget in LS envisaging Rs 35,104 cr expenditure

Finance Minister Nirmala Sitharaman on Monday tabled in the Lok Sabha the Manipur budget for 2025-26, envisaging an expenditure of Rs 35,103.90 crore, up from Rs 32,656.81 crore in the current financial year. Manipur is currently under the President's Rule. The total receipts have been pegged at Rs 35,368.19 crore, up from Rs 32,471.90 crore in 2024-25. According to documents, the capital outlay has been increased by 19 per cent to Rs 7,773 crore over the current financial year ending March 2025. Manipur's budget provides for over Rs 2,000 crore under Special Assistance to States for Capital Investment (SASCI) and Rs 9,520 crore for social sector outlay. For relief and rehabilitation for internally displaced persons, Rs 15 crore has been provided for temporary shelter to them; Rs 35 crore towards housing for displaced people, Rs 100 crore for relief operation, and Rs 7 crore for compensation. A budgetary allocation of Rs 2,866 crore for 2025-26 has been made towards incentives fo

Maharashtra Deputy CM Ajit Pawar to present state budget in Assembly today

Notably, this will be the first budget for the newly-formed Mahayuti government and Pawar's 11th Budget as Finance Minister

'Budget is for people', says Dy CM Eknath Shinde ahead of state budget

Shinde further stated that the Maharashtra government will continue to carry out similar work for the people of the state in the next five years