https://www.taxtmi.com/news?id=50618 Significant shortfalls in own-source revenues and central grants during the first quarter compressed fiscal space and increased net borrowings. Both jurisdictions realized only about one-sixth of annual budgeted own revenues in Q1, with underperformance in non-tax receipts and grant in aid inflows leading to higher borrowings and quarter end deficits versus budgeted positions. en-us Sat, 26 Jul 2025 15:31:04 +0530 Sat, 26 Jul 2025 15:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50618 Significant shortfalls in own-source revenues and central grants during the first quarter compressed fiscal space and increased net borrowings. Both jurisdictions realized only about one-sixth of annual budgeted own revenues in Q1, with underperformance in non-tax receipts and grant in aid inflows leading to higher borrowings and quarter end deficits versus budgeted positions. News - Sat, 26 Jul 2025 15:31:04 +0530 https://www.taxtmi.com/news?id=50618