Government Spending News - Latest Updates & Headlines
Punjab fails to utilise health funds up to 20.74 pc: CAG
Chandigarh, March 25: The Comptroller and Auditor General (CAG) of India said on Tuesday that out of the allotted budget by the Punjab government, health funds ranging from 6.5 to 20.74 per cent were not utilised.
Karnataka passes Bill to double salaries of ministers and MLAs
Bengaluru, March 21: The state Assembly on Friday passed the 'Karnataka Legislature Salaries, Pensions and Allowances (Amendment) Bil, 2025, which proposes significant salary hikes and allowances for MLAs, MLCs, ministers and Assembly staffers.
Karnataka CM siddaramaiah's chopper rides cost taxpayers over Rs 31 crore
Bengaluru, March 19: Karnataka Chief Minister Siddaramaiah's love for helicopter travel has raised eyebrows. His chopper bills revealed a staggering expense of Rs 12.65 crore in 2023-24 and Rs 19.35 crore in 2024-25, up to January 15, 2025.
All hoardings, banners were of IIFA, what benefit did Rajasthan receive? LoP Tikaram Jully slams state govt
Jaipur, March 13: Rajasthan's Leader of Opposition, Tikaram Jully, on Thursday slammed the state government for spending over Rs100 crore on the IIFA 2025 celebrations, questioning the benefits to the state.
India's GDP growth to surpass 6.5 per cent in 2025-26: Moody's
New Delhi, March 13: India's GDP growth is expected to exceed 6.5 per cent during 2025-26 -- on the back of higher government capex and increase in consumption due to the reduction in income tax and the RBI's cut in interest rates, according to a Moody's report.
Amid din, Madhya Pradesh govt presents Rs 19,206 crore second adjunct budget
Bhopal, March 11: Amid din, the Madhya Pradesh government on Tuesday presented its second adjunct budget of Rs 19,206 crore in the Assembly for the year 2024-25, with a significant amount earmarked towards the labour and power sectors.
Govt seeks additional Rs 51,462 crore in supplementary demand for grants
New Delhi, March 10: Finance Minister Nirmala Sitharaman on Monday tabled the second batch of supplementary demands for grants in Parliament, seeking approval for Rs 6,78,508.10 crore in additional spending for the government during financial year 2024-25 that ends March 31 this year.
India's fiscal deficit in April-Jan touches 74.5 per cent of full year target for FY25
New Delhi, Feb 28: India's fiscal deficit for the first 10 months of the current financial year (April-January) stood at Rs 11.70 lakh crore, or 74.5 per cent of annual estimates, according to data released by the Controller General of Accounts (CGA) on Friday.
India's Q3 GDP shows upward bias due to high govt spending, improved consumption
New Delhi, Feb 26: India’s GDP growth in Q3 FY25 is expected to show an upward bias and is likely to be in the range of about 6.3-6.4 per cent, primarily driven by increased government spending and improved household consumption during the festive season, experts said on Wednesday.
America will go bankrupt...: Elon Musk criticises high trade deficit, expenditure of tax money
Washington, DC, February 19: Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country "should be mad as hell" over the expenditure of the tax money.
India's GDP growth expected to touch 6.6 pc in Q3 of 2024-25: Report
New Delhi, Feb 18: India's GDP is expected to grow at 6.6 per cent in the October-December period of 2024-25, which is slower than the corresponding figure of 8.6 per cent for the same quarter of 2023-24, but remains robust with support from agriculture, government spending, and services, according to a Bank of Baroda report released on Tuesday.
Elon Musk-led DOGE cancels USD 22 million intended for 'voter turnout in India'
Washington DC, February 16: The US Department of Government Efficiency (DOGE), led by Elon Musk has announced cancelling a USD 22 million funding intended for "voter turnout in India" on Saturday (Local Time).
Food subsidy accounts for over 50% of total Govt subsidy so far in FY25
New Delhi, February 15: The food subsidy has been the largest component of the government's total subsidy expenditure so far in the financial year 2024-25, accounting for more than 50 per cent of the total amount disbursed.
Maha govt to cut spending across all departments by 30 per cent
Mumbai, Feb 14: Amid rising fiscal deficit and public debt, the Maharashtra government has introduced an austerity drive directing 30 per cent cut in expenditure by all departments.
Government to use about 99 pc of borrowed resources to finance effective capital expenditure: Sitharaman in Lok Sabha
New Delhi, February 11: Noting that capital budget outlays have not come down, Finance Minister Nirmala Sitharaman on Tuesday said that the government is using almost the entire borrowed resources for financing effective capital expenditure.
Government's consumption growth estimated to improve in FY25
New Delhi, Feb 2: The government consumption growth is estimated to improve in FY25 given the increase in the revenue expenditures of both state and union governments, while private consumption growth is expected to be driven by rural demand, easing inflation and a favourable base, according to a report on Sunday.
Economic Survey asks private sector to reciprocate government capex expenditure
New Delhi, January 31: The Economic Survey 2024-25 tabled in the Parliament on Friday called for the private sector to reciprocate similar to that of the government capex expenditure.
Economic Survey: Health expenditure grew to Rs 6.1 lakh crore in FY25
New Delhi, Jan 31: The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday noted that health expenditure in the country grew to Rs 6.1 lakh crore in FY25.
Despite govt capex of Rs 54 Lakh cr over 5 years, concern on pvt investment and employment remain
New Delhi, January 31: The Indian government has spent over Rs 54 lakh crore on capital expenditure in the past 11 years, according to a report by Systematix Institutional Equities.
Govt expenditure on big infra projects to drive growth in 2025-26: Report
New Delhi, Jan 13: The Centre's capital expenditure in big-ticket infrastructure projects such as highways, railways and power development and investments in critical sectors such as defence are expected to propel India's economic growth in the financial year 2025- 2026 and beyond, according to a report by financial services firm Prabhudas Lilladher (PL).
Higher govt spending, robust investment to boost IIP growth in H2 FY25: Economists
New Delhi, Jan 10: Given the expectation of higher government spending followed by improvement in investment in the second half (H2), the Index of Industrial Production (IIP) growth is likely to be higher in H2 FY25, economists said on Friday.
India's Fiscal impulse improves in Nov'24; further pickup likely in rest of FY25: Report
New Delhi, January 7: India is on the path of fiscal prudence as the government has spent around 52.5 per cent of the budget estimate (BE) of its deficit in the first seven months of FY25, says a report by the Union Bank of India.
Indian government likely to miss capital expenditure target for FY25: Motilal Oswal
New Delhi, January 6: The government may fall short of its capital expenditure (capex) target for the financial year 2025, according to a report by Motilal Oswal.