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State goes for 25% revenue expense cuts
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State goes for 25% revenue expense cuts
Move aims at reining in expenditure and reducing fiscal deficit Panaji : New Year 2026 started on a note of austerity for the state with the government implementing 25 per cent revenue expenditure cuts for every department for the remaining three months of 2025-26. The revenue cuts are aimed at curbing expenditure and reducing the fiscal deficit. Besides the 25 per cent revenue expense cuts, departments have been told to spend no more than 20 p…
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