State Finances: A Study of Budgets of 2011-12
Published By: RBI on eSS | Published Date: March, 29 , 2012The budgetary data for 2011-12 indicates the commitment of States to carry forward fiscal correction,
as evident from the emergence of revenue surplus after a gap of two years and consequent reduction
in fiscal deficit-GDP ratio. Notwithstanding the improvement in the revenue account, the budgeted
fiscal deficit-GDP ratio for 2011-12 is higher than the recommended benchmark by the Thirteenth Finance Commission (ThFC), mainly
on account of higher capital outlay during 2011-12. [RBI Report]. URL:[http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/STF30032012.pdf].
Author(s): Reserve Bank of India RBI | Posted on: Apr 03, 2012 | Views(1473) | Download (1138)