Government Spending News
IMA said the healthcare system of the country is already not on track owing to meagre government spending on health, adding people largely are dependent upon the private sector with high out-of-pocket expenditures
Looking at India’s problems of farm productivity, public health, renewable energy, something isnt' right if the departments involved are contributing only a quarter of the already low GERD.
The GDP growth at constant prices (2011-12) was 8.2 percent in the April-June quarter of 2018-19.
According to a World Bank report, government spending as a percentage of GDP has averaged at 10.29 percent between 1960 and 2016.
There is some monitoring of large infrastructure projects, but that happens with a lag.
Here's a look at recent US government shutdowns, their causes and impact.
Despite the higher govt spending due to incremental revenues on account of GST, we believe govt spending alone will have limited ability to revive the overall investment cycle unless there is a revival in corporate capex performance, India Ratings said.
GDP decline: Economy needs tariff cuts, weaker rupee not govt spending boost, says Arvind Panagariya
Arun Jaitley last Wednesday had said the government is considering additional measures to bolster the economy without giving details on the likely steps
Fiscal stimuli flatter to deceive. It does help in pushing up economic growth initially, but ends up creating more problems
Cement consumption to outpace supply in next 3 fiscals as govt's thrust on infra spending to boost growth: Crisil
Incremental demand for cement is seen doubling to 48 million tonne (MT), but incremental supply is seen moderating by a fifth to 31 MT from 39 MT
A closer look at the January-March GDP numbers show that except for government spending and growth in agriculture (thanks to good rains last year), no major segments showed any promise
Only one percent of Kenyan government spending can be properly accounted for, according to a report by the country's auditor-general released just days after US President Barack Obama warned corruption was holding the country back.
The letter said that restriction of 33 percent and 15 percent expenditure ceilings in the last quarter of the current financial year and during the month of March respectively is to be strictly adhered to.
Embassies are re-writing visa rules and governments are hammering out aviation pacts as record spending by Chinese travellers sets off a race around the world for a share of the Chinese tourist dollar.
Bhagwati's logic is that only by generating sufficient growth would there be enough wealth to spread around which is why his most urgent policy prescription is to slow government spending, which he blames for high inflation.
Dr Ashima Goyal of the Indira Gandhi Institute of Development Research in Mumbai told Firstpost's R Jagannathan that it is not the raw numbers that matter to fiscal consolidation, but the quality of the adjustment.
According to data released late on Monday, the government has run up a fiscal deficit that is already equivalent to 71 percent of the budgeted estimate.