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TOL to GSDP ratio of Karna to remain in KFRA limits in 2016-17

Press Trust of India  |  Belagavi (Ktk) 

: The Total Outstanding Liabilities (TOL) to Gross State Domestic Product (GSDP) ratio of will remain within the Fiscal Responsibility Act (KFRA) ceiling limit of 25 per cent in FY16-17, Mid-year review of state finances has said.

The TOL of in absolute numbers is expected to increase from Rs 1,83,320 crore in FY 15-16 to Rs 2,08,557 crore in FY 16-17, it said.

Noting that the GSDP of the state is projected to increase from Rs 7,35,975 crore to Rs 11,17,334 crore in the same period (as estimated by Ministry), it said "thus TOL to GSDP ratio will remain within 25 per cent."

TOL to GSDP as at the end of the financial year 2015-16 was 24.91 per cent.

The mid-year review of the state finances 2016-17 was tabled in the Legislative Assembly today by Chief Minister Siddaramaiah, who also holds the portfolio.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 20:48 IST