Bengaluru, May 2 (IANS) Referring to the Union Finance Ministry’s Monthly Economic Review for April 2026, Karnataka Bharatiya Janata Party (BJP) President and MLA B.Y. Vijayendra on Saturday criticised the state government’s guarantee schemes and expressed concern over the state’s financial management. He said that due to “unscientific financial management”, more than 15 per cent of the state’s revenue receipts are being spent on interest payments, while the state is facing a revenue deficit of …
Latest Revenue Deficit News & Updates
New Delhi, March 30 (IANS) The Central government’s fiscal deficit touched 80.4 per cent of the budgeted target by the end of the first 11 months from April to February of the financial year 2025-2026, reflecting a strong fiscal position, according to figures released by the Comptroller General of Accounts on Monday.The gap between the government’s expenditure and revenue stood at Rs 12.53 lakh crore from April to February, against the full-year target of Rs 15.58 lakh crore. In the same perio…
Bengaluru, March 25 (IANS) Defending the State Budget 2026–27, Karnataka Chief Minister Siddaramaiah, responding to criticism from the Opposition, said, “Even when compared to the progressive states around us in South India, our fiscal deficit remains within the prescribed limits. Opposition leader R. Ashoka has not studied the budget in depth. All his efforts seem to be focussed on getting headlines.”Speaking at the Legislative Assembly on Wednesday, CM Siddaramaiah stated, “As per the re…
Mumbai, March 11 (IANS) Chief Minister Devendra Fadnavis on Wednesday announced that Maharashtra will become the first state to achieve one trillion dollar economy by 2029 and become five trillion dollar economy by 2047. He said the size of the state economy is $660 billion in 2025-26 and it has to add another $340 billion to become one trillion dollar economy.He added that the state has added a record $55 billion in one year reiterating that state will achieve one trillion dollar economy status…
Mumbai, March 10 (IANS) In a scathing critique during the Legislative Assembly’s budget discussion, senior NCP (SP) legislator and former Finance Minister Jayant Patil on Tuesday dismantled the state government’s fiscal road map, labelling the 2026-27 budget as a “document of deception.”Patil argued that the government’s rhetoric of making Maharashtra a $5 trillion economy by 2047 is mathematically impossible at current growth rates and warned that the state is hurtling toward a “liquidity cru…
Mumbai, March 9 (IANS) While Pune district has secured the highest overall allocation in the District Annual Plan (DAP) for the 2026-27 financial year, Nagpur — the home district of Chief Minister Devendra Fadnavis — has recorded the most significant funding increase.According to the Maharashtra Budget presented by Fadnavis last Friday, Nagpur has consistently recorded the highest growth in allocations over the past three years. For the coming fiscal year, Pune, Nagpur, and Mumbai suburban dis…
Bengaluru, March 6 (IANS) Karnataka Chief Minister Siddaramaiah on Friday said the state’s total liabilities at the end of 2026–27 are estimated at Rs 8,24,389 crore while presenting the State Budget in the Legislative Assembly.The Chief Minister stated that for the financial year 2026–27, the revenue deficit is estimated at Rs 22,957 crore, while the fiscal deficit is projected at Rs 97,449 crore, which is 2.95 per cent of the Gross State Domestic Product (GSDP).The total liabilities of Rs …
Mumbai, March 5 (IANS) Maharashtra’s public debt is set to climb to a staggering Rs 9.32 lakh crore in 2025-26, even as the state projects a strong 7.9 per cent economic growth that edges past the national forecast, according to the pre-budget Economic Survey presented in the Maharashtra Assembly on Thursday.Minister of State for Finance, Ashish Jaiswal, tabled the document, which paints a picture of robust expansion fueled by impressive GST inflows and buoyant market sentiment, while underscori…
Chandigarh, March 2 (IANS) Reinforcing the state’s commitment to fiscal prudence and development-led growth, Haryana Chief Minister Nayab Singh Saini on Monday presented the state Budget for 2026-27, emphasising seven key pillars that underscore disciplined financial management and a sharp rise in capital investment. CM Saini said the best indicator of a government’s financial management is the fiscal deficit. “Between 2005 and 2014, Haryana’s fiscal deficit increased from Rs 286 …
Chennai, Feb 17 (IANS) Tamil Nadu’s outstanding public debt is projected to reach Rs 10.71 lakh crore in 2026-27, Finance Minister Thangam Thennarasu said on Tuesday while presenting the Interim Budget in the Assembly. According to the Interim Budget Estimates for 2026-27, the state’s debt is expected to rise from Rs 9.52 lakh crore in the Revised Estimates for 2025-26. The earlier Budget Estimates for 2025-26 had pegged the outstanding debt at Rs 9.29 lakh crore.However, the state finance m…