Try GOLD - Free

States to Ease Off-Budget Borrowings

Mint New Delhi

|

August 18, 2025

On its part, the central government itself had discontinued off-budget borrowings in FY23

- Rhik Kundu

After a year of sharp increases, Indian states are expected to keep their off-budget borrowings largely flat in FY26, signaling a shift towards tighter fiscal discipline even amid persisting pressures for welfare spending, according to two people familiar with the matter.

The restraint comes after years of heavy reliance on off-budget borrowings, which had ballooned during the pandemic with both the Centre and states scrambling to finance emergency spendings. Off-budget borrowings by states rose to ₹29,335 crore in FY25 from ₹21,251 crore the year before, finance ministry data shows.

In FY21, at the height of covid-related spending, such borrowings had touched ₹67,181 crore.

MORE STORIES FROM Mint New Delhi

Mint New Delhi

Mint New Delhi

TRANSFORMATI MAHARASHTRA CAN

#1 IN 2024, MAHARASHTRA IS AGAIN WITHIN

time to read

4 mins

October 14, 2025

Mint New Delhi

As Russian aggression turns West, Poland says it's ready

Warsaw has doubled the size of its military since 2014 and boosted military spending to nearly 5% as Russia grows more assertive

time to read

5 mins

October 14, 2025

Mint New Delhi

Livspace revenue rises 23% in FY25

Home interiors and renovation platform Livspace has posted a 23% increase in revenue to ₹1,460 crore during the last fiscal, helping the company trim losses to ₹131 crore.

time to read

1 min

October 14, 2025

Mint New Delhi

AI frenzy: Don’t be caught off-guard if the bubble bursts

It is said that history doesn't repeat itself but it often rhymes. If the Bank of England (BoE), IMF, Jamie Dimon and Lloyd Blankfein are to be believed, the US market is composing a verse that sounds eerily like the late 1990s—with AI playing the part once filled by Pets.com and sock puppets.

time to read

3 mins

October 14, 2025

Mint New Delhi

Mint New Delhi

Paramount circling Warner Bros. Discovery after rebuffed approach

David Ellison’s company could take plan to create a sprawling media conglomerate directly to shareholders

time to read

3 mins

October 14, 2025

Mint New Delhi

NPS gets a makeover: Flexibility, investor choices rise—so do risks

MSF schemes charge higher fees; advisors suggest assessing risk appetite and retirement goals before investing

time to read

5 mins

October 14, 2025

Mint New Delhi

Hyundai factory was a deadly job site before it was raided by ICE

Before it became the target of one of the biggest immigration raids in U.S. history, Hyundai Motor’s sprawling auto plant in central Georgia had another reputation among workers: It was a dangerous and deadly construction site.

time to read

6 mins

October 14, 2025

Mint New Delhi

ONGC plans ₹9,300 crore worth of cost savings by FY27

State-run Oil and Natural Gas Corp. (ONGC) aims to save a total of 9,300 crore by the financial year 2027 (FY27) through a number of cost-optimization measures planned by the company.

time to read

1 min

October 14, 2025

Mint New Delhi

SC defers Vi’s AGR dues plea again, to hear it after Diwali

The Supreme Court on Monday again deferred hearing Vodafone Idea Ltd’s plea seeking a waiver on its adjusted gross revenue (AGR) dues to the government. The matter will now be taken up by the court when it reopens after Diwali

time to read

1 mins

October 14, 2025

Mint New Delhi

Mint New Delhi

JPMorgan vows to plow $1.5 tn into critical US sectors

JPMorgan Chase & Co. vowed to funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years—an initiative that will invest billions of dollars in companies and hire bankers and other professionals.

time to read

1 mins

October 14, 2025

Listen

Translate

Share

-
+

Change font size