Telangana recorded a Rs 19,266.83 crore revenue deficit during the first four months of 2026-27, while the fiscal deficit reached 57.7 per cent of the annual target. The latest CAG report highlights slow revenue growth, rising recurring expenditure and increasing dependence on borrowings.
Fiscal policy must not be a ledger of receipts and expenditures alone; it must reflect fairness, resilience, and reciprocity between citizens and the state
India’s net direct tax collection rose 8 per cent to Rs 17.04 lakh crore till December 17, driven by higher corporate advance tax payments and slower refunds. Corporate tax revenues outpaced non-corporate collections, official data showed
Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow
The tax revenue reached Rs.69,000 crore against the budgeted Rs 1.64 lakh crore, falling short by approximately Rs.13,000 crore as of September 30 and posing a huge challenge for the State government to run the show.
By Seela Subba Rao Most of the federal governments are vested with powers to raise tax revenues while the States are responsible for undertaking a large part of the public expenditures. The allocation of taxation powers vis-à-vis responsibilities per se creates an imbalance known as vertical imbalance. Further, the existence of vast regional disparities contributes […]
