Budget Spending

Budget 2023: This budget may galvanize an effective AI ecosystem necessary to nurture buoyancy in GST revenues and improve taxpayer morale and trust in the system

A sharp reduction in states' deficit augurs well for the Centre's fiscal planning

The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure

It is reassuring to see government focus on growth-propelling sectors such as healthcare and infrastructure

Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday

Finance Minister Nirmala Sitharaman will present the Economic Survey 2021-22 on Monday and the Union Budget on Tuesday

To keep their expenditure at the desired levels at a time of significant revenue losses, all states have expanded their fiscal deficits - similar to what the Centre did last month

Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey

What began with food security, off-Budget financing now caters heavily to a range of core spending areas

The numbers in aggregate mean the Government of India will not let the fiscal deficit run away in FY22

Some of the other large developing countries, with the exception of China, have got much higher transparency scores compared to India

Presenting her maiden Union Budget, the Minister said that the exchange would help social and voluntary organisations which work for social causes

The finance minister also said the government will create a payment platform for MSMEs for payment of bills

In August, lawmakers had approved $3.1 billion in additional spending for the current financial year