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Punjab government likely to miss capex target, only 32% achieved so far

Against a full-year capex of ₹10,354 crore envisaged in the budget, the state has spent ₹3,390 crore during the April-January period of the current fiscal, according to data on key economic indicators released recently. The capital expenditure incurred so far is 32.77% of the budgeted amount for FY24.

A finance department official said that capex numbers will look much better by the end of the fiscal though they may still fall short of the target envisaged in the budget
Updated on Mar 03, 2024 06:54 AM IST
By, Chandigarh

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data

For 2023-24, the government's fiscal deficit is estimated at ₹17.35 lakh crore or 5.8 per cent of the GDP

The government's total receipts stood at <span class='webrupee'>₹</span>22.52 lakh crore (81.7 per cent of corresponding RE 2023-24 of total receipts) as of January 2024
Published on Feb 29, 2024 05:19 PM IST
PTI |

Hong Kong Budget Expected to Ease Property Curbs, Boost Tourism

Hong Kong Financial Secretary Paul Chan will look this week to cement the city’s tentative economic recovery and burnish its image as a global financial center while reining in the fiscal deficit.

HT Image
Published on Feb 27, 2024 07:21 AM IST
Bloomberg |

Govt focuses on the integrated wealth management: DIPAM Secretary

The objective is to no longer pursue a numerical goal as disinvestment proceeds are not critical for meeting the annual fiscal deficit target, says DIPAM Secretary

Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey (AFP)
Updated on Feb 07, 2024 10:10 AM IST
ByRajeev Jayaswal

UP government’s indebtedness set to go up three-fold

The state’s fiscal deficit which was ₹32,513.16 crore (3.40 per cent of the GSDP) in 2014-2015 is expected to go up to ₹86,530.51 crore (3.46 percent of the GSDP) in 2024-2025.

Uttar Pradesh Vidhan Bhawan (Sourced)
Published on Feb 05, 2024 09:23 PM IST
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