The Revenue Budget highlights the range of expected revenue from various sources, including the taxation ecosystem of direct and indirect taxes. Meanwhile, the Expenditure Budget details the planned ...

Over half of the government’s total revenue expenditure during the first four months of the current fiscal year of 2024–25 ...

With CPA Australia estimating a fiscal deficit of HK$96.1 billion for 2024-25 and fiscal reserves of HK$638.5 billion, today, ...

China's fiscal revenue increased by 1.3 percent from the previous year to reach 21.97 trillion yuan (US$3.05 trillion) in 2024, according to data from the Ministry of Finance. A closer look at the ...

Background: Section 14A of the Income Tax Act, 1961, deals with the disallowance of expenditure incurred to earn exempt ...

Before we look into the specifics of 2025’s budget, let’s explore two critical components: Expenditure Budget and Revenue Budget. The Expenditure Budget represents the allocation of funds for ...

The revenue budget consists of revenue receipts of the government (revenues from tax and other sources), and its expenditure. Revenue receipts are divided into tax and non-tax revenue. Tax ...

AIADMK leader questions Tamil Nadu Finance Minister over rising revenue deficit, highlighting increased borrowing and ...