State Finance News - Latest Updates & Headlines
Tamil Nadu budget 2025-26 to be presented on March 14
Chennai, March 13: Tamil Nadu Finance Minister, Thangam Thennarasu, will present the state Budget for 2025-26 in the Legislative Assembly on Friday, March 14.
Historic: MP Ministers praises state budget for finacial year 2024-25
Bhopal, March 12: As Madhya Pradesh's Rs 4,21,032 crore budget was presented for the financial year 2025-26 in the assembly today, State Minister Tulsi Ram Silawat termed it a 'historic' budget for the development and growth of the state.
Budget around Rs 4.20 lakh cr for fiscal year 2025-26: MP CM Mohan Yadav ahead of budget presentation in assembly
Bhopal, March 12: Ahead of presentation of the Madhya Pradesh budget for financial year 2025-26, Chief Minister Mohan Yadav said in the exercise of doubling the state budget in the next five year, the budget of around Rs 4.20 lakh crores would be present in the state assembly on Wednesday.
Madhya Pradesh Dy CM & Finance Minister Jagdish Devda offers prayers at his residence ahead presenting state budget today
Bhopal, March 12: Deputy Chief Minister of Madhya Pradesh and Finance Minister Jagdish Devda will present the state budget for financial year 2025-26 in the state assembly on Wednesday.
Maha debt stock likely to increase to record Rs 9,32,242 crore in 2025-26
Mumbai, March 10: Maharashtra's public debt stock is expected to increase to Rs 8,39,275 crore which is 18.52 per cent of the gross state domestic product (GSDP) as per the revised estimate for 2024-25. The debt stock would further increase to a record Rs 9,32,242 crore as per the budget estimate for 2025-26 and it would be 18.87 per cent of the GSDP which is below 25 per cent of the limit proposed by the Fiscal Responsibility and Budget Management Act.
Maharashtra: Opposition terms Budget 'a hollow one that betrays common man'
Mumbai, March 10: The opposition parties in Maharashtra have claimed that the annual budget presented by the deputy chief minister Ajit Pawar is hollow as it has betrayed the common man including farmers and women devoid of any direction, goal of policy.
Maha: Capital expenditure estimated to be Rs 93,165.52 cr in 2025-26
Mumbai, March 10: The Maharashtra government's capital expenditure on development works especially for asset creation is estimated to reduce to 11 per cent of gross state domestic product (GSDP) at Rs 93,165.52 crore in 2025-26 against 13 per cent at Rs 1,09,031.48 crore as per the revised estimate for 2024-25.
BRS' Kavitha slams CM Revanth Reddy for tarnishing Telangana's image with lies and fake stats
Hyderabad, March 10: Bharat Rashtra Samithi (BRS) leader Kalvakuntla Kavitha on Monday launched a sharp attack on the Telangana Chief Minister Revanth Reddy-led Congress government, accusing it of plunging Telangana into financial distress with reckless borrowing and zero delivery on electoral promises.
Maha Budget: Rs 36,000 cr for Ladki Bahin Yojana; various taxes proposed to generate additional revenue
Mumbai, March 10: Amid the widening gap between revenue and expenditure with constraints on resource mobilisation, Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar on Monday presented the budget for 2025-26 with an estimated revenue deficit of Rs 45,892 crore and fiscal deficit of Rs 1,36,000 crore.
Assam: Finance Minister Ajanta Neog to present state budget for financial year 2025-26 today
Guwahati, March 10: Assam Finance Minister Ajanta Neog will present the state budget for the financial year 2025-26 in the state assembly today.
Budget is for people: Maharashtra Deputy CM Eknath Shinde ahead of state budget
Mumbai, March 10: Maharashtra Deputy Chief Minister Eknath Shinde said that the state budget presented focusses is for the people, and the ruling Mahayuti government is committed towards people.
Maharashtra Deputy CM Ajit Pawar to present state budget on March 10
Mumbai, March 9: Maharashtra's Deputy Chief Minister and Finance Minister Ajit Pawar will present the State Budget for 2025-26 on Monday, March 10, 2025. Notably, this will be the first budget for the newly-formed Mahayuti government and Pawar's 11th Budget as Finance Minister, a press release from Nationalist Congress Party (NCP) said.
K'taka: Outlay crosses Rs 4 lakh crore; Siddaramaiah presents Rs 19,262cr deficit budget
Bengaluru, March 7: Karnataka Chief Minister Siddaramaiah, who also holds finance portfolio, presented his record 16th budget on Friday, with the size of the outlay touching Rs 4.08 lakh crore, up from Rs 3.71 lakh crore in the Financial Year 2024-25.
MP govt submits demands for revenue share during 16th Finance Commission
Bhopal, March 6: Chief Minister Mohan Yadav-led Madhya Pradesh government in a meeting with the 16th Finance Commission in Bhopal on Thursday submitted its financial need to ensure economic growth of the state in the next five years.
MP pitches for non-tax revenue inclusion in tax pool, suggests multi-dimensional poverty as new criteria
Bhopal, March 6: Aravind Panagariya, the Chairman of the 16th Finance Commission, on Thursday, highlighted the fervent appeals from Madhya Pradesh, which is seeking an increased allocation from the central divisible pool, aiming to raise its share from the current 41 per cent to a more substantial 48 per cent.
Mizoram government presents Rs15,198-crore budget
Aizawl, March 4: Mizoram Chief Minister Lalduhoma on Tuesday presented a Rs 15, 198.76 crore state budget for 2025-26 in the state assembly.
MP budget may cross Rs 4 lakh crore, to be tabled on March 12
Bhopal, March 1: The Madhya Pradesh government is poised to unveil a significantly sizeable fiscal year 2025-26 budget, anticipated to surpass Rs 4 lakh crore. Noteworthy provisions are expected to address underprivileged sectors and the grand celebration of Ujjain Simhastha Mahakumbh, which will take place in 2028.
'Misleading' budget will plunge state into debt: Rajasthan LoP
Jaipur, Feb 27: Rajasthan Leader of the Opposition Tika Ram Jully on Thursday strongly criticised the recently presented state budget, calling it dull, misleading, a mirage of figures, and a financial burden that will push the state deeper into debt.
Maha govt announces 3 per cent increase in DA for 14 lakh employees
Mumbai, Feb 26: The Maharashtra government on Tuesday announced three per cent increase in dearness allowance (DA) of about 14 lakh employees.
Finance Commission to start consultations on revenue-sharing model in Mizoram
Aizawl, Feb 23: The16th Finance Commission, led by its Chairman Arvind Panagariya will start formal consultations with the Mizoram government, industrial organisations, rural and urban local bodies, autonomous institutions from Monday to evolve a revenue-sharing model between the central and state governments and various other aspects, officials said here on Sunday.
Odisha: Naveen Patnaik slams annual state budget for 2025-26 FY as 'anti-growth'
Bhubaneswar, Feb 22: Leader of Opposition, Naveen Patnaik, on Friday hit out at the state government, calling the annual state budget for the 2025-26 financial year recently tabled in the state assembly by Chief Minister Mohan Charan Majhi as anti-growth.
Uttarakhand govt presents budget in state assembly
Dehradun, February 20: Uttarakhand Chief Minister Pushkar Singh Dhami congratulated State Finance Minister Prem Chand Aggarwal after he presented the budget in the state Assembly on Thursday.
Rajasthan Budget 2025: 'Historic Budget with several gifts for people,' says Dy CM & FM Diya Kumari
Jaipur, February 19: Rajasthan Deputy Chief Minister and Finance Minister Diya Kumari on Monday said that the State Budget 2025 will be "historic" and include "several gifts" for the people. She assured that all announcements will be implemented.
Karnataka Chief Minister Siddaramaiah to present 2025-26 budget on March 7
Bengaluru, Feb 17: Karnataka Chief Minister Siddaramaiah announced on Monday in Bengaluru that he would present the budget for the financial year 2025-26 on March 7.
Gujarat achieves lowest debt-to-GSDP ratio of 4.5 percent among 21 largest states in last 10 years: NCAER Economists
Gandhinagar, February 16: The National Council of Applied Economic Research (NCAER) has released a report highlighting Gujarat's exemplary fiscal management, positioning it as one of the financially strongest states in India. As per report, Gujarat has reduced its public debt-to-GSDP ratio in last 10 years by 4.5 percent, the highest among India's 21 major states.
Bengal Budget: State's grant-in-aid component projected to rise 31 per cent by March 2026
Kolkata, Feb 12: The West Bengal government's dependence on grants-in-aid from the Union government is all slated to continue during the financial year 2025-26, with the figure slated to rise by 30.69 per cent by March 31, 2026.
Bengal budget today amid concerns of debt, revenue, expenditure management
Kolkata, Feb 12: Amid the three major concerns of debt, revenue and expenditure management, West Bengal Minister of State for Finance (independent charge) Chandrima Bhattacharya will present the state budget for the financial year 2025-26 in the state Assembly on Wednesday.
Freebies: Short-term political gain may become long-term economic distress, says Report
New Delhi, February 10: Once just campaign promises, political freebies have now become a crucial strategy for winning elections in India.
Despite high tax transfers in Union budget, states face fiscal challenges: Report
New Delhi, February 2: Despite good tax transfer from the Centre to the states, the financial health of the states is struggling highlights a report by State bank of India.
Union Budget 'inequitable' as it focuses on Bihar: Himachal CM
Shimla, Feb 1: Himachal Pradesh Chief Minister Sukhvinder Sukhu on Saturday expressed disappointment over the Union Budget 2025-26, labelling it "inequitable" as the major part of it is focusing on Bihar.
West Bengal Budget to be presented on Feb 12
Kolkata, Jan 27: West Bengal Budget for the financial year 2025-26 will be presented in the Assembly on February 12, as per the decision taken at a meeting of the state cabinet at the state secretariat Nabanna on Monday which was presided over by the Chief Minister Mamata Banerjee.
Former Odisha CM Naveen Patnaik congratulates state on emerging as top performer in fiscal management
New Delhi, January 25: Biju Janata Dal (BJD) Chief and former Odisha CM Naveen Patnaik on Saturday congratulated the state on emerging as the top performer in fiscal management.
Odisha tops Fiscal Health Index by NITI Aayog, praised for effective Debt management and Revenue Mobilization
New Delhi, January 25: Odisha has emerged as the top performer in the country for fiscal health in the Financial Year 2022-23, according to the recently released Fiscal Health Index (FHI) by NITI Aayog.
Tsunami of the women centric DBT schemes can bleed state finances: SBI Report
New Delhi, January 25: The Tsunami of the women centric Direct Benefit Transfer schemes announced by various states can bleed the state finances, says a report by State Bank of India.
Odisha govt constitutes Sixth State Finance Commission
Bhubaneswar, Jan 22: The Odisha government on Wednesday constituted the 6th State Finance Commission(SFC). The Odisha Finance Department has issued a formal notification regarding the formation of the 6th SFC under the Chairmanship of retired IAS officer, Arun Kumar Panda.