Annual budget News

The economy is projected to contract by a massive 10.3 per cent this year, according to an IMF forecast Even the Reserve Bank of India expects the economy to shrink by 9.5 per cent in the current financial year As per the finance ministry schedule, the nearly one-month long exercise to finalise the Revised Estimate for 2020-21 and Budget Estimate for 2021-22 began today

The additional spending will be on top of an approved spending of $334.9 billion in the annual budget, the statement tabled in the lower house of parliament said.

Thailand`s junta plans to allocate more than $123 million for the monarchy in the 2018 budget, an apparent cut of more than 14 percent from this year.

The government in the next fiscal year is transferring Rs 225 billion, or 17.6 percent of the total budget, to local bodies, as per the commitment.

The Andhra Pradesh government today presented its budget for the financial year 2017-18.

The Madhya Pradesh government will launch a scheme for providing financial assistance to meritorious students going for higher studies from the next financial year.

With budgetary exercise underway, Prime Minister Narendra Modi on Monday asked his ministerial colleagues to get "out of the box" ideas from the common man which could be incorporated in the financial outlay.