Page 32 - Revised Estimates News Today

WHAT IS REVENUE EXPENDITURE OF THE GOVERNMENT Revenue Expenditure Of The Government Those expenditures of the government that do not lead to the creation of fixed assets are called revenue expenditures. The government spends money under various accounting heads, such as paying interest on loans, salaries and pensions, subsidies, spends on different ministries and departments, etc. Grants made to state governments and other parties are also treated as revenue ex...

The government’s liquefied petroleum gas (LPG) subsidy bill for the next financial year (FY22) is expected to be much lower than previous years, say experts. This is because crude oil price is expected to remain soft, and the price of domestic (14.2 kg) LPG cylinders is likely to be kept high. “The under-recovery (difference between subsidised price and actual price) for 2021-2022 is estimated at Rs 1,500 crore at an average Indian crude basket price of $60 a barrel and exchange rate of R...

Thursday, 10 December 2020, 4:34 pm TEAM (The Economic Action Marlborough) Group delivered its latest Marlborough Economic Update to individuals, businesses, agencies and sector representatives at the Marlborough Convention Centre this week. The presentation included a detailed report from economists Infometrics, delivered by Brad Olsen and Alistair Schorn, on revised estimates of the economic impacts of COVID-19 on Marlborough. Councillor and TEAM Group Chair Mark Peters spoke about the group...