Page 2 - Expenditure

Centre's expenditure budget for FY22-23 likely to remain flat

The fiscal deficit of the Union Budget for FY23 could stay around 6.8 per cent, the same as expected for FY22

Govt's fiscal deficit at 31.1% of Budget Estimate till Aug, an 18-year low

This was despite a YoY spike in expenditure that month, after falling in the previous month

Covid-19 fallout: Outdated CPI, GDP may have to wait longer for revision

Revision of CPI and GDP base years from 2011-12 and 2012, respectively, was dependent on the outcomes of the consumer expenditure survey of 2017-18, which the govt junked sometime back

High economic growth will spare India from debt trap, say experts

Finance panel had indicated that total debt could touch 90% of GD

Frontloading of govt expenditure to drive private investment: Report

The government should prioritize executing infrastructure projects and frontload its spending during the first half of fiscal year starting April 1, to encourage private investment and support economic recovery, says a report. According to Dun & Bradstreet's latest Economy Observer, new private investment is also likely to remain constrained in the near term given that revival of both domestic and external demand remains uncertain. "The government should prioritize executing the infrastructure projects and frontload its spending during H1 of FY22 to encourage private investment. This along with the increase in hiring of employees by firms would support the recovery of demand," said Arun Singh, Global Chief Economist, Dun & Bradstreet. According to the D&B COVID-19 Commerce Disruption Tracker, as of end-January 2021, only 31 per cent of businesses in India remained disrupted, an improvement when compared to the July 2020 data of 81 per cent, and also over other major ...

Infrastructure push: Higher expenditure yet to reflect in top line

Combined net sales of infra, capital goods firms down 2.3% in Dec quarter

Financing the vaccine

Any cess or surcharge should be one-time

Central ministries, departments face cash crunch as winter session scrapped

Food and consumer, rural development exhaust Budget allocation, may require more

Companies' total expenditure plummets 24% in three months to June

Some of this may have to do with pruning of some costs that they would have otherwise incurred, had business been normal; analysis looked at 402 firms that have declared June results

Govt changes public procurement rules, more preference to local suppliers

Companies with less than 20 per cent of domestic content in their goods or services will not able to participate in most of the government tenders and they are categorised as "non-local suppliers"

Recovery in economic growth may be marred by drastic expenditure cuts

The economy is required to grow by 5.2 per cent in the second half compared to 4.8 per cent in the first half to enable it to clock five per cent in the entire FY20

Framework for abolition of Plan, non-Plan classification soon

Centre likely to switch to a more globally relevant system of classifying spending as revenue expenditure and capital expenditure

Data credibility at stake

Unfortunate fiasco over consumer spend survey

Govt scraps NSO's consumer expenditure survey over 'data quality'

The findings of the report, published by Business Standard on Friday, showed consumer spending falling for the first time in over four decades in 2017-18

Is a GST Council-like federal body for public expenditure a good idea?

The GST Council, chaired by the union finance minister, comprises finance ministers of all states

States' expenditure rise 15% annually since 2011, says study

The findings by PRS Legislative Research shows the overall expenditure of all states has soared from Rs 12.47 trillion in 2011-12 to Rs 33.18 trillion in 2018-19

High expense on salary, pension hits spending by states, says research

On an average, salaries, pensions and interest payouts comprise 40% of the total expenditure