The best reasons for cutting Oklahomans’ personal income taxes are getting lost in quibbling about how much surplus there is, how to count and categorize recurring expenses, and the accuracy
The rating agency noted that overall borrowings of 18 states, which constitute 90% of the countrys gross state domestic product, is likely to increase by 9% to over Rs 87 lakh crore in FY24 compared with Rs 79.5 lakh crore in FY23.
In his recent interview, Prime Minister Narendra Modi had urged state governments to shun ‘financially irresponsible policies and populism’. Here’s how different states stack up on fiscal discipline.
The states – including Maharashtra, home to the country’s financial capital Mumbai, India’s most populated state Uttar Pradesh and Prime Minister Modi’s home state of Gujarat – are estimating expenditure to have risen 21.5% in 2022-23, and plan to increase it further by 11% in 2023-24.