BasisPointInsight.com - India’s Deficit Promise Was Kept by Cutting Where It Hurts by Rajesh Mahapatra The Centre met its deficit promise not through revenue strength, but by cutting transfers and development spend, shifting stress to states. by Rajesh Mahapatra, BasisPointInsight.com

3/3 Meeting deficit targets is an important milestone. Ensuring that fiscal discipline strengthens, rather than constrains, medium-term growth capacity is the more enduring test.

Read Rajesh Mahapatra’s column for BasisPoint 👇

#FiscalDeficit #StateFinances #PublicFinance #IndiaMacro

BasisPointInsight.com - State Finances are India’s New Macroeconomic Frontier by Duvvuri Subbarao India’s fiscal story can no longer be read through the Union Budget alone. State borrowing and spending now shape growth, interest rates and macroeconomic stability. by Duvvuri Subbarao, BasisPointIns...

2/4 This asymmetry now sits at the heart of India’s fiscal and macroeconomic story, writes former RBI Governor Duvvuri Subbarao.

#Budget2026 #BPIBudget2026 #StateFinances

BasisPointInsight.com - Why State Finances are Feeling the Strain: A Case Study of Three States by Abhishek Dey Election-time freebies are straining state budgets as debt stays elevated, revenues lag and committed spending crowds out investment. Case studies from Bihar, Punjab and West Bengal show how giveaways...

2/2 Read his analysis for BasisPoint:
Why State Finances are Feeling the Strain: A Case Study of Three States 👇

#FiscalFederalism #StateFinances #PublicFinance #PoliticalEconomy #IndiaEconomy #SubnationalDebt

BasisPointInsight.com - How Cash Handouts Are Rewriting State Politics—and Budgets by Richard Fargose Popular cash transfer schemes may win elections but strain state budgets, risking long-term fiscal health and weakening sustainable development. by Richard Fargose, BasisPointInsight.com

4/4
In his latest piece, Richard Fargose examines how the rise of transfer-led politics is reshaping state budgets; and what it means for the long-term stability of India’s public finances.

#FiscalHealth #IndiaEconomy #Governance #PublicPolicy #WelfareEconomics #StateFinances #FiscalDiscipline

States that previously relied on subsumed taxes have seen their revenue as % of GSDP decline post-GST. 📊 While NE states like Mizoram, Nagaland saw improvements, Punjab, Chhattisgarh, Karnataka faced the biggest drops. ⚖️ #StateFinances #EconomicReform

⚠️ BUT: 20 states/UTs saw GST revenue contract in Oct. Since GST's 2017 launch, many states report lower revenues vs. pre-GST indirect taxes. 📉 #EconomicAnalysis #StateFinances

States are increasingly relying on 💰borrowing & bonds to cover fiscal shortfalls, esp post-pandemic! 📉 A new CAG report reveals diverging trends across India. #StateFinances #IndianEconomy #FiscalPolicy

GST Reboot Risks Fiscal Strain More Than it Promises Growth N. Srinivasa Rao, India’s proposed GST rejig is being billed as a Diwali bonanza. The risk is that it leaves state finances stretched without delivering a real consumption boost.

2/2 The real test is whether this “festive reform” delivers growth or only fiscal stress.

Read N Srinivasa Rao’s analysis on BasisPoint Insight: GST Reboot Risks Fiscal Strain More Than it Promises Growth 👇

#GST #IndiaEconomy #FiscalStress #TaxReform #Modi #Consumption #StateFinances

Pennsylvania lawmakers establish income tax credit for taxes paid to other states Bill allows Pennsylvania residents to claim credit for income taxes paid to other states

Pennsylvania residents can now keep more of their hard-earned money with a new bill that offers tax credits for income taxes paid to other states!

Click to read more!

#PA #IncomeTax #CitizenPortal #TaxCredit #StateFinances #PennsylvaniaResidents

India GDP leap: Strong state economies key to India’s race to $14k incomes | Policy Circle India must harness the growth engines of its best-run states and lift laggards if it hopes to raise per-capita GDP six-fold by its centenary year.

Targeted action on industry, farming, services and #statefinances could convert India’s size advantage into sustained 7 % plus #gdpgrowth, writes Charan Singh. #indianeconomy #financecommission
www.policycircle.org/economy/indi...

General Assembly considers $50M emergency fund allocation plan General Assembly reviews $50 million emergency fund for Department of Labor appropriations.

Vermont's General Assembly is poised to make critical funding decisions that could allocate $12.6 million to the Department of Labor, but only if certain conditions are met!

Learn more here

#VT #BudgetAppropriations #StateFinances #FiscalResponsibility #CitizenPortal #VermontGovernment

Your State’s Federal Funding Gap: 11 Surprising Ways It Costs You The flow of federal dollars to and from your state affects taxes, job opportunities, and even retirement security. Discover how these hidden imbalances impact your wallet—and what you can do to stay…

Does your state's federal funding balance secretly shape your taxes, job prospects, healthcare and retirement plans? Where you live matters to your wallet. #TaxBalance #StateFinances

CII lauds Centre's fiscal policy in run-up to Union Budget 2025-26 - Yes Punjab News CII director Chandrajit Banerjee highlights India's fiscal stability, suggests fiscal deficit targets, and urges fiscal prudence at the state level for a stronger economy in the 2024-25 budget.

CII lauds Centre's fiscal policy in run-up to Union Budget 2025-26 yespunjab.com?p=70803

#IndiaEconomy #FiscalManagement #MacroeconomicStability #UnionBudget2024 #CII #ChandrajitBanerjee #FiscalDeficit #GDPGrowth #SovereignCreditRating #DebtReduction #StateFinances #FiscalPrudence #Budget