https://www.taxtmi.com/news?id=63829 The FRBM report projects Himachal Pradesh's fiscal deficit at 4.74% of GSDP for 2025-26 and notes the current year deficit rose to Rs 12,114 crore from budget estimates of Rs 10,337.97 crore (an increase of Rs 1,776 crore), attributing the widening to natural calamities, committed liabilities and GST rate reductions. It also records higher-than-estimated salary and pension expenditures and a revenue receipt shortfall of Rs 1,726 crore (actual Rs 14,374 crore versus BE Rs 16,101.10 crore), and recommends boosting non tax revenue and maximising centrally sponsored and externally aided resources. en-us Fri, 05 Dec 2025 22:31:03 +0530 Fri, 05 Dec 2025 22:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63829 The FRBM report projects Himachal Pradesh's fiscal deficit at 4.74% of GSDP for 2025-26 and notes the current year deficit rose to Rs 12,114 crore from budget estimates of Rs 10,337.97 crore (an increase of Rs 1,776 crore), attributing the widening to natural calamities, committed liabilities and GST rate reductions. It also records higher-than-estimated salary and pension expenditures and a revenue receipt shortfall of Rs 1,726 crore (actual Rs 14,374 crore versus BE Rs 16,101.10 crore), and recommends boosting non tax revenue and maximising centrally sponsored and externally aided resources. News - Fri, 05 Dec 2025 22:31:03 +0530 https://www.taxtmi.com/news?id=63829