He also appealed to the 16th Finance Commission to approve the Andhra Pradesh government's plea to bridge the revenue deficit. The Chief Minister highlighted that the state continues to face financial constraints due to the bifurcation.
Speaking to ANI, BJP MP K Sudhakar said, "Karnataka's Congress government is searching every day in what way they can tax the common people...They say that the annual budget has touched the mark of Rs 4 lakh crores but in the last 2-3 years, they have been presenting revenue deficit budgets.
Pakistan is facing a revenue shortfall of PKR 385 billion for the period between July and December 2024, ARY News reported on Wednesday, citing sources.
BJP MP Tejasvi Surya on Saturday criticised the Siddaramaiah-led government for creating a state with a revenue deficit and pursuing a "mindless, irresponsible, populist economy model."
Anuradha Basumatari, Director of Public Finance at Ind-Ra, emphasized the favorable conditions for capital expenditure, stating, "Containment of the revenue deficit provides greater fiscal flexibility to states, which is favorable to capital expenditure and is expected to continue in FY25
As the ruling Left Democratic Front (LDF) under Chief Minister Pinarayi Vijayan is set to stage a protest in Delhi against the alleged centre's discrimination against Kerala, Kerala Minister MB Rajesh said that the central government had denied them Rs 57,400 crores.
"I think it is all in all very encouraging budget and the government has managed with the spend of eleven lakh crores still to contain both the fiscal deficit and the revenue deficit. Because these are critical for India's rating globally and for the cost of funding for indian industry and f
"Telangana was formed on three foundation principles - Water, funds and jobs - and in all these fronts, the state has failed. The revenue surplus state has become debt-ridden. Hyderabad, which has invested for several decades as capital with potential investment for the future with skille
FM Palanivel Thiaga Rajan in his budget speech mentioned that the state's revenue deficit is reduced by Rs 30,000 crore from Rs 62,000 crore.
Tamil Nadu Finance Minister further announced that a total of Rs. 18,661 crores will be allocated to the Department of Health and Family Welfare and
Chhattisgarh Chief Minister Bhupesh Baghel in a pre-budget meeting in the national capital on Friday asked the Union Finance Minister Nirmala Sitharaman to return the National Pension Scheme (NPS) amount and said that the state's share will be deposited in a separate fund.
New Delhi [India], October 6 (ANI): The central government on Thursday released Rs 7,183.42 crore as post-devolution revenue deficit grant to 14 states including Kerala, Punjab, Rajasthan, Himachal Pradesh and West Bengal.
New Delhi [India], September 6 (ANI): The central government on Tuesday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.