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<p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p>
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<strong>The bad news from state budgets -Ishan Bakshi</strong></h1>
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<p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery.</em></p><p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p><p style="text-align:justify">The broad state-level budget trends highlighted in this article are based on 11 states that account for a little over 60 per cent of India’s GDP. While more concrete trends will emerge once all states present their budgets, this does provide a sense of what transpired in the year almost gone by, and what to expect in the coming financial year.</p><p style="text-align:justify">Five broad trends emerge.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/" title="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/">click here</a> to read more.</p> </font>
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<p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p>
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<p style="text-align:justify">Five broad trends emerge.</p>
<p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/">click here</a> to read more.</p>
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<p style="text-align:justify">Five broad trends emerge.</p>
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<strong>The bad news from state budgets -Ishan Bakshi</strong></h1>
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<p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery.</em></p><p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p><p style="text-align:justify">The broad state-level budget trends highlighted in this article are based on 11 states that account for a little over 60 per cent of India’s GDP. While more concrete trends will emerge once all states present their budgets, this does provide a sense of what transpired in the year almost gone by, and what to expect in the coming financial year.</p><p style="text-align:justify">Five broad trends emerge.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/" title="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/">click here</a> to read more.</p> </font>
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<p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p>
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<p style="text-align:justify">Five broad trends emerge.</p>
<p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/">click here</a> to read more.</p>
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<p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p>
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<p style="text-align:justify">Five broad trends emerge.</p>
<p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/">click here</a> to read more.</p>
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<strong>The bad news from state budgets -Ishan Bakshi</strong></h1>
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<p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery.</em></p><p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p><p style="text-align:justify">The broad state-level budget trends highlighted in this article are based on 11 states that account for a little over 60 per cent of India’s GDP. While more concrete trends will emerge once all states present their budgets, this does provide a sense of what transpired in the year almost gone by, and what to expect in the coming financial year.</p><p style="text-align:justify">Five broad trends emerge.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/" title="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/">click here</a> to read more.</p> </font>
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<p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p>
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<p style="text-align:justify">Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.</p>
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<p style="text-align:justify">Five broad trends emerge.</p>
<p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/state-budgets-2021-coronavirus-impact-economy-gdp-7233353/">click here</a> to read more.</p>
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LATEST NEWS UPDATES | The bad news from state budgets -Ishan Bakshi | Im4change.org
The bad news from state budgets -Ishan Bakshi
-The Indian Express
States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery.
Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during these tumultuous years (2020-22). Considering that the states, put together, account for a larger share of general government spending than the Centre, their spending stance is pivotal to the hopes of a government spending-led economic recovery.
The broad state-level budget trends highlighted in this article are based on 11 states that account for a little over 60 per cent of India’s GDP. While more concrete trends will emerge once all states present their budgets, this does provide a sense of what transpired in the year almost gone by, and what to expect in the coming financial year.
