Government Expenditure

Budget 2024 is an economists' Budget, says Citigroup MD Samiran Chakraborty

Focus of Budget 2024 is not restricted to railways, defence and infra, but expands to manufacturing and employment to aid human capital growth, said Citigroup MD at 'Budget with BS: The Fine Print'

Union Budget 2024: Where does the govt get its money, where does it go?

Union Budget 2024-25: The fiscal deficit is estimated at 4.9% of the GDP for the current financial year and the government aims to reduce it to below 4.5% next year

Experts split on expanding Niti's role to oversee financial allocations

Currently, all financial negotiations with states are handled by the Department of Expenditure in the Finance Ministry

Economic shocks hit consumption growth in last decade, says Nomura

Demonetisation, GST implementation, Covid caused a slowdown: Nomura

At Rs 11 trillion, fiscal deficit narrows to 64% of revised estimates

Both revenue and capital expenditure for the April-January FY2024 period was around 75 per cent

Budget 2024: Where does the Centre receive money from, where does it go?

Interim Budget: It always interests the common man to know where the government gets its money from and where it spends it, here's what the Budget document says

Govt spending must pursue evidence-based policy for best outcomes

It's important to see the quality of spending and missing gaps in resource provision

Union Budget 2024: Add 'Sin Tax' and these terms to your financial glossary

Union Budget 2024: The central government will present an interim budget for the new financial year on February 1 during the Budget session of the Parliament

FinMin seeks proposals for final supplementary demands for grants

The finance ministry has sought expenditure proposals for the second and final batch of Supplementary Demands for Grants from various ministries and departments ahead of the Budget session likely to commence in the last week of January. This would be the last session of the 17th Lok Sabha before the general elections and the government would seek expenditure approvals of Parliament for four months till July 2024 through a vote on account. The second batch of Supplementary Demands for Grants for 2023-24 is proposed to be placed before Parliament in the ensuing Budget session, the finance ministry said in an office memorandum. The cases that would be eligible to be incorporated under such demands include those where advances from the Contingency Fund have been granted. Besides, payments against court decree would be included as well as cases where the finance ministry has specifically advised moving the supplementary demand in the winter session, it said. "While processing proposals

Stocks: New players, old behaviour

I remain bullish because of a combination of two factors: Massive government expenditure and the resilience of Indian consumers

Out of pocket expenditure projected to fall to 35% by FY26: Health secy

"Government interventions such as increase in expenditure via schemes has led to people saving more than Rs 5 trillion", he added

Fiscal deficit for April-June at 25.3% of annual target: Govt data

Total expenditure during the period was Rs 10.51 trillion,or 23.3% of the annual goal, lower than the Rs 9.48 trillion in the same period last year

AB-PMJAY led to huge out-of-pocket expenditure savings, says Govt

The Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana has resulted in huge out-of-pocket expenditure savings related to hospitalisations for the targeted beneficiaries, Minister of State for Health S P Singh Baghel told the Rajya Sabha on Tuesday. A total of 3.14 crore beneficiaries were benefited during the last two years under the Centre's ambitious health insurance scheme, he said. The states/UTs having maximum and minimum number of beneficiary families supported by the Centre and state are Uttar Pradesh and Lakshadweep, respectively, Baghel said in a written reply. Responding to a question, he said in Gujarat, Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is implemented in convergence with the state scheme Mukhyamantri Amrutum. As of July 19, 2023, a total of 41.34 lakh hospital admissions worth Rs 8,564 crore have been authorised under the scheme in Gujarat, Baghel stated. For the financial year 2022-23, central share of funds of Rs 6,048 crore were released

Centre's fiscal deficit at 11.8% of full year target, shows CGA data

The central government's fiscal deficit at the end of May stood at 11.8 per cent of the full-year budget estimates for 2023-24, according to official data. The fiscal deficit was 12.3 per cent of the 2022-23 BE in the same period of the last year. Fiscal deficit is the difference between total expenditure and revenue of the government. It is an indication of the total borrowings that are needed by the government. In actual terms, the deficit was Rs 2,10,287 crore at end-May 2023, as per the data of the Controller General of Accounts (CGA). In the Union Budget, the government aimed to bring down the fiscal deficit during the current financial year 2023-24 to 5.9 per cent of the gross domestic product (GDP). The deficit was 6.4 per cent of the GDP in 2022-23 against the earlier estimate of 6.71 per cent. Unveiling the revenue-expenditure data of the Union government for the first two months of the 2023-24, CGA said the net tax revenue was Rs 2.78 lakh crore or 11.9 per cent of the

Expenditure on social sector: Turning social safety nets into trampolines

A look back at welfare spending is the first step to understanding Covid impact absorption and darning holes, if any, in the welfare fabric

Under construction

Project delays must be avoided

Growth instruments

Enabling conditions needed for manufacturing

Government incurred Rs 31,68,648 crore worth of expenditure till Jan 2023

The government incurred Rs 31,68,648 crore as expenses up to January 2023, which was 75 per cent of of the corresponding revised estimate of 2022-23

Growth, Budget and macro balances

The responsible revenue and expenditure projections are to be lauded, but efforts on trade and fiscal targets fall short

PM Modi undertook 21 trips abroad since 2019, over Rs 22.76 cr spent: Govt

Prime Minister Narendra Modi has undertaken 21 trips abroad since 2019 and over Rs 22.76 crore was spent on these visits, the government said on Thursday. The President undertook eight trips abroad and an amount of over Rs 6.24 crore was spent on these trips since 2019, Minister of State for External Affairs V Muraleedharan said in a written reply to a question in Rajya Sabha. The government incurred an amount of Rs 6,24,31,424 for President's visits, an amount of Rs 22,76,76,934 for prime minister's visits and an amount of Rs 20,87,01,475 for External Affairs Minister's visits since 2019, according to the minister. While the President undertook eight visits abroad, the PM undertook 21 trips since 2019. During this period, External Affairs Minister S Jaishankar undertook 86 visits abroad. Since 2019, the prime minister has visited Japan thrice, and the US and the UAE twice. Among the president's visits, seven out of the eight trips were undertaken by Ram Nath Kovind, while current