State Budgets

Rajasthan trade body seeks Budget concessions to support commodity markets

Despite water scarcity, Rajasthan remains a significant contributor to the country's Rabi and Kharif crop production

Rising deficit and debt puts Indian states under fiscal strain: NSE Report

Fiscal consolidation measures such as managing contingent liabilities, improving fiscal transparency, and enhancing the fiscal credibility of SDLs needed to address states' financial challenges

UP govt presents Rs 12,909 cr supplementary Budget for FY25 in Assembly

The Uttar Pradesh government on Tuesday presented a supplementary budget of more than Rs 12,909 crore for the 2024-25 financial year in the assembly. State Finance Minister Suresh Kumar Khanna said the supplementary budget of Rs 12,909.93 crore is 1.66 per cent of the original Budget (of Rs 7.36 lakh crore) presented in February this year. Khanna said the expenditure on revenue account is Rs 4,227.94 crore and the expenditure on capital account is Rs 7,981.99 crore in the supplementary budget. He said a provision of Rs 7,500.18 crore has been made for industrial development, Rs 2,000 crore for energy department, Rs 1,000 crore for purchase of buses by the transport department, Rs 600 crore for Amrit Yojana under the urban development department, Rs 200 crore for short-term programmes under Uttar Pradesh Skill Mission and Rs 100 crore for rural stadium and open gym. A provision of Rs 28.40 crore has been proposed for the establishment of labs in 284 government inter-colleges under t

Cong's poll guarantees, BRS MLAs' defection issues in T'gana Budget session

The implementation of crop loan waiver and other poll 'guarantees' of the Congress government in Telangana, issues of unemployment and BRS MLAs joining the ruling party are likely to figure prominently during the budget session of Assembly beginning July 23. The government would present the budget on July 25. This will be the Congress government's first full budget after assuming power in December last year. It had presented an interim budget in February this year. Amid fanfare, the government launched the crop loan waiver scheme last week which would be implemented in two more phases with a total outlay of about Rs 31,000 crore. While the Congress leaders and activists held celebrations, the opposition BRS and BJP expressed disappointment. The BRS alleged that the loan waiver did not benefit a majority of farmers, while BJP National General Secretary and Union MoS (Home) Bandi Sanjay Kumar said the government has failed to disburse the promised amount of 'Rythu Bharosa' (invest

Rajasthan budget: Rs 15k cr for tap water, greenfield expressways. Updates

Rajasthan Finance Minister Diya Kumari proposed Rs 27,000 crore for the health sector and said that bio pink toilets will be built for women

Efforts on to raise MP's budget to Rs 7 trillion in 5 years: CM Yadav

Madhya Pradesh Chief Minister Mohan Yadav has said that efforts are being made to take the state's annual budget to Rs 7 lakh crore in the next five years. The state government on July 3 presented its budget for FY 2024-25 with an outlay of Rs 3.65 lakh crore, marking substantial allocations for infrastructure development and initiatives for women and tribals. This time, the state budget is 16 per cent more than last year's budget and is development-oriented, Yadav said at a function of the Central India Chamber of Commerce in Ujjain on Saturday night. "Many important provisions have been made in the budget to take the state forward. Efforts are being made to take the state's annual budget to Rs 7 lakh crore in the next five years," he said. Yadav said the state government's special focus in the budget is on infrastructure to get positive results of development, including in the irrigation sector. The Chambal-Parvati-Kali Sindh river linking project of Rs 35,000 crore will benefit

Kerala paid Rs 26,000 cr in March to various sectors: State FM Balagopal

Kerala Finance Minister K N Balagopal on Saturday said that despite a fiscal pressure, the state government made payments to the tune of Rs 26,000 crore to various sectors in March alone. Talking to the media after visiting the treasury here in the state capital on the last working day of the fiscal year, Balagopal said, "We made payments to the tune of Rs 26,000 crore in this March alone. This is higher than the last fiscal year. We made payments to various sectors at a time when we were facing financial pressure." He said the state government effectively intervened to manage the financial crisis and an interim application on the borrowing limit and other matters are pending before the Supreme Court. Balagopal added that the apex court recently ruled in the state's favour as there was substance in its arguments regarding the financial strangulation. The apex court was hearing a suit filed by the Kerala government that alleged that the Union of India was regulating the state's ...

The state of state budgets

With states expected to push the reforms agenda, a mechanism is needed for assessing their budget data

'Guarantee' of giving Rs 1,000 to women will be fulfilled: Punjab minister

Punjab Finance Minister Harpal Singh Cheema on Wednesday informed the Assembly that the state government will fulfil the "guarantee" of giving Rs 1,000 to women. His statement came after the opposition parties accused the Bhagwant Mann government of not fulfilling the pre-poll promise of giving Rs 1,000 each month to women in the state. Responding to issues raised by the MLAs during a debate on the state budget, Cheema said the state government has fulfilled four out of five "guarantees", including free electricity and the opening of 'aam aadmi clinics'. "We implemented four guarantees out of five within two years. One guarantee related to women is pending. I am saying this with full responsibility in the House that this guarantee will also be fulfilled," the state finance minister told the House. Taking on the opposition Congress MLAs, Cheema said they were not aware of the fulfilment of these four "guarantees" as they are related to the common people of the state. Because most o

Delhi govt's budget to be based on 'Ram Rajya' concept, says report

The Delhi government's budget for the 2024-25 financial year, which will be presented in the Assembly on Monday, is likely to be based on the concept of "Ram Rajya", sources said. The sources in the Aam Aadmi Party (AAP) government said on Sunday that the budget is likely to have something for every section of the society in the election year. "This time, the budget is likely to be based on the concept of Ram Rajya. This will be the 10th budget of the AAP dispensation. The budget is likely to have provisions for every section of the society, in accordance with the principles of Ram Rajya, in the election year," a source said. The Lok Sabha polls are likely to be held in April-May. Delhi Chief Minister Arvind Kejriwal has often spoken about the concept of "Ram Rajya". In his Republic Day speech, he had said the AAP government has adopted 10 principles of "Ram Rajya" and is providing quality education, healthcare services, free electricity and water to people and ensuring women's ...

Tripura FM presents Rs 27,804 cr budget focusing on infra, jobs creation

Tripura Finance Minister Pranajit Singha Roy on Friday presented a Rs 27,804.67-crore budget for the 2024-25 fiscal, and asserted that the government is focused on infrastructure building to generate more job opportunities in the northeastern state. Roy said Rs 6,633.80 crore has been earmarked for capital expenditure, while Rs 1721.94 crore was allocated for the agriculture sector. "During 2022-23, the Gross State Domestic Product (GSDP) grew at around 8.89 per cent against 7.20 per cent growth at the national level. The GSDP growth for 2024-25 is estimated to be 8.47 per cent," the minister said. A total of Rs 2,000 crore will be spent for road infrastructure in all the 60 assembly constituencies over the next four years, according to the budget. "The state government will provide Rs 698.68 crore to the Tripura Tribal Areas Autonomous District Council (TTAADC)... Besides, we are setting aside 39.93 per cent of the total development allocation for welfare of indigenous people, he

Himachal Vidhan Sabha adjourned sine die after passing budget for 2024-25

Himachal Pradesh Vidhan Sabha was on Wednesday adjourned sine die after the passing of budget for 2024-25 and related Appropriation Bill authorising the government to spend Rs 6,24,21.73 crore from the consolidated fund. The Budget was passed in the absence of BJP members as 15 of them were suspended and the remaining ten staged a walk out in protest. The Vidhan Sabha was adjourned a day ahead of schedule as political scenario changed dramatically after defeat of Congress candidate Abhishek Manu Singhvi in Rajya Sabha elections on Tuesday and announcement of resignation by Public works minister Vikramaditya Singh from Sukhu cabinet. The budget was presented on February 17, 2024 by Chief Minister Sukhvinder Singh Sukhu, who also holds the finance portfolio. Discussions on the budget were held for four days from February 19 to 22.

No new taxes proposed in Maharashtra's Rs 600,522 cr interim Budget

Maharashtra Finance Minister Ajit Pawar on Tuesday presented a Rs 6,00,522 crore interim budget for 2024-25 with a revenue deficit of Rs 9,734 crore in the state legislative assembly here. The budget proposed no new taxes. A supplementary budget (full budget) will be presented after the Lok Sabha elections, Pawar said. With projected revenue receipts of Rs 4,98,758 crore and revenue expenditure of Rs 5,08,492 crore, there will be a revenue deficit of Rs 9,734 crore, said Pawar, who joined the Shiv Sena-BJP government as deputy chief minister in July 2023. He was finance minister in the previous Maha Vikas Aghadi government too. School Education Minister Deepak Kesarkar read out the budget in the Legislative Council. "The budget focuses on the implementation of welfare schemes for the youth, women, the poor and farmers," Pawar said in the assembly. The government aims to expand the state's economy to USD 1 trillion through sustainable, environment-friendly and inclusive development

Bommai criticises Karnataka state budget, warns of economic downturn

He stressed the need for resource mobilisation without compromising capital expenditure

Kerala govt slams Centre's stand over 'conditional' nod to borrow money

The Kerala government has flayed the Centre's stand to allow the state to borrow money only if it withdrew the case before the Supreme Court, terming it "highly disappointing" and detrimental to fiscal federalism. Addressing media here on Monday, state Finance Minister K N Balagopal claimed that the central government has informed the apex court that if Kerala withdraws its petition, the government will give the state permission to borrow around Rs 12,000 crore on Monday itself. "The state government has filed the case in the Supreme Court for the fund which is rightfully ours," he said. "The Union government's stand is highly disappointing and will affect the fiscal federalism of the state and the day-to-day activities of the state government," Balagopal added. "Our lawyer Kapil Sibal argued for us and said we were seeking the amount that is rightfully ours. We have filed the petition seeking the fund as per our constitutional rights. They have asked us to withdraw our plea and it

TN govt presents Budget 2024-25 with focus on '7 grand Tamil dream'

The Tamil Nadu government on Monday presented its budget for the year 2024-25, premising the exercise on the "7 grand Tamil dream," that included social justice and women's welfare at the core. Finance Minister Thangam Thennarasu presented the budget and made a slew of announcements. This included the "Kalaignarin Kanavu Illam," a housing scheme named after the late DMK patriarch and former Chief Minister M Karunanidhi. As per the scheme, 8 lakh concrete houses will be constructed in rural areas across the state to make it 'hut-free' by 2030, he said. Social justice, welfare of the marginalised, making Tamil youth global achievers were among the 7 goals, Thennarasu said in his budget speech. Among others, he announced allocating Rs 300 crore in budget for civic amenities including roads for areas nearby city corporations. Thennarasu said the state has made very significant progress in poverty reduction through its welfare schemes. The NITI Aayog has said that people below povert

Assam govt presents Rs 2.9 trn Budget with deficit of Rs 774 cr, no new tax

The Assam government on Monday presented a Rs 2.9 lakh crore budget for the 2024-2025 financial year with a deficit of Rs 774.47 crore and proposed no new tax. Presenting the annual financial statement for the next fiscal, Assam Finance Minister Ajanta Neog also said the government will support the education of 10 lakh girls up to post graduation level in order to eliminate child marriage from society. "The Budget Estimates of 2024-25 show a receipt of Rs 1,43,605.56 crore under the Consolidated Fund of the state. After adding the receipt of Rs 1,44,550.08 crore under Public Account and Rs 2,000 crore under Contingency Fund, the aggregate Receipts amount to Rs 2,90,155.65 crore," she added. As against this, the total expenditure from the Consolidated Fund in 2024-25 is estimated atRs 1,43,890.62 crore, Neog said. She further said that taking into account, the expenditure of Rs 1,42,670.09 crore under the Public Account and Rs 2,000 crore under the Contingency Fund, the aggregate ..

HP govt plans tax concessions for milk producers, agri schemes in Budget

The Himachal Pradesh government will consider giving tax concessions to milk producers and launch innovative schemes to increase the farmers' income in the upcoming budget, Chief Minister Sukhvinder Singh Sukhu said on Sunday. The budget session of the Himachal Pradesh Assembly will be held from February 14 to 29. The state budget will be presented on February 17. Interacting with the milk producers of the state here, he said the government was encouraging agriculture as an industry to make the farmers self-reliant. "As agriculture and milk production plays a pivotal role in promoting the rural economy, the state government is coming up with innovative schemes to increase the income of farmers in the upcoming budget, results of which would be visible in next two years", he said in a statement issued here. Fundamental changes were being made in the policies and rules to ensure that money goes directly to the farmers, he noted. The government will also consider giving tax concessio

Ram Rajya vision: Yogi 2.0 unveils Budget to become $1 trn economy

The Budget allocates almost Rs 25,000 crore for new development schemes, especially targeted for the uplift of youth, women, farmers, and the underprivileged

HP budget to focus on improving financial condition of state: CM Sukhu

Chief Minister Sukhvinder Singh Sukhu on Monday said the Himachal Pradesh budget for fiscal year 2024-25 would be framed with a focus on prosperity and improving the financial condition of the state. The Budget session of Himachal Pradesh would be held from February 14 to 29 and the budget would be presented on February 17. The government was working with the aim of 'Vyavastha Parivartan' (change in system) and focusing on rapid improvement in the financial condition of the state, a sttement quoted Sukhu as sayin. The chief minister was speaking in the 'Chaupal' programme organised by a media house in New Delhi, according to a statement issued here. He said the Himachal Pradesh government was committed to the overall development of the state and its citizens. The Congress-led state government has implemented its poll guarantee of restoring the Old Pension Scheme for government employees, Sukhu added. The chief minister said the government aims to develop Himachal Pradesh as a tou