Taking Friedman's advice can help improve the govt's finances and then it can return to Keynes again
With government expenditure under squeeze, many central schemes will come under scrutiny and a few of them may be wound up
Education now occupies a smaller share in the overall social sector expenditure
Pensions and salaries took away more than a fourth of government's revenue spend in 2017-18 and 2018-19
On an average, salaries, pension and interest payouts alone make up 40% of a state's total expenditure, leaving little room for spending in other critical areas
Not just the Centre, the states too must worry about the fiscal implications of rising salaries and pensions
The combined expenditure of all states now exceeds that of the Centre
Approval of Parliament is sought to authorise gross additional expenditure of Rs 11,166.18 cr
Affordable Housing biggest gainer as HUPA allocation jumps 400% year on year
In the past decade, the fastest growing element of government's expenditure has been that on police
For April, total spending is pegged at Rs 2.43 lakh crore
Finance Minister Arun Jaitley sought Rs 550 cr for meeting security-related expenses in Jammu and Kashmir
However, the top four Cabinet ministers did not spend any money on their workplaces