India's 2024-25 Government Expenditure Trends: Key Highlights

  Published 9 months ago

India's 2024-25 union expenditure rose 4.8%, RECO dropped to 4.2, central finances improved, but state budgets worsened.

  • Union revenue expenditure declined as % of GDP, capital outlay remained stable, and interest payments slowed.
  • Central GFD/RD improved via non-tax revenue, disinvestment; capital outlay grew 20.9%.
  • State finances deteriorated despite central gains, with revenue cuts and higher capital spending.
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