India’s central government presents the Union Budget every year before the Parliament closer to the end of a financial year. It publishes how much it expects to earn through taxes and other means and how much it plans to spend on salaries, infrastructure, social development and other categories in the next financial year. We have seen many times that the actual results are different from the budgeted estimates. Another aspect of the Union Budget is that it becomes an event. Loads of commentary in newspapers, TV channels and social media follow as soon as the finance minister starts the speech, and it goes on and on for the entire week. But have you seen such enthusiasm during the state budgets? Well, we need more analysis of state budgets because states spend a lot more than the central government, especially on development programmes.
That’s why we raise these questions: 1. Are budgeted numbers of the Union Budget credible enough? 2. How do states earn and spend money vis-a-vis the central government?

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