https://www.taxtmi.com/news?id=65078 Five welfare guarantees and GST rate rationalisation have increased committed revenue expenditure and reduced revenue receipts, widening the revenue deficit. The government plans to mobilise own-tax revenues and undertake expenditure rationalisation to protect priority allocations and narrow the deficit. Mid-year figures show 7.7% revenue collection growth, 32.3% rise in capital spending, first-half expenditure at 36.4% of budget estimates, and a projected fiscal deficit of 2.95% of GSDP. en-us Wed, 17 Dec 2025 23:31:03 +0530 Wed, 17 Dec 2025 23:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=65078 Five welfare guarantees and GST rate rationalisation have increased committed revenue expenditure and reduced revenue receipts, widening the revenue deficit. The government plans to mobilise own-tax revenues and undertake expenditure rationalisation to protect priority allocations and narrow the deficit. Mid-year figures show 7.7% revenue collection growth, 32.3% rise in capital spending, first-half expenditure at 36.4% of budget estimates, and a projected fiscal deficit of 2.95% of GSDP. News - Wed, 17 Dec 2025 23:31:03 +0530 https://www.taxtmi.com/news?id=65078