State Finances: A Study of Budgets of 2011-12

Reserve Bank of India Rbi

Working Papers from eSocialSciences

Abstract: The 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].

Keywords: Thirteenth Finance Commission (ThFC); revenue; state finance; budgets; Education; Sports; Art and Culture; public health; tax; receipts; labour; employment; Debt Statistics; finances; data; liablities (search for similar items in EconPapers)
Date: 2012-04
Note: Current Affairs
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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