States' Fiscal Deficit

Business Standard's State Fiscal Health Tracker compares states and Union Territories on gross fiscal deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

State debt and deficits do not capture the damage that doles inflict on the quality of public spending

Revenue deficit touched a staggering Rs 45,472.77 crore, according to the state finance accounts released by the Comptroller and Auditor General.

In the case of states, the fiscal gap will rise by 200 bps after the Centre hiked the borrowing limit of states to 5 per cent of GSDP on Sunday

Latest RBI data compares FY16 deficit to FY91 as well as projections in FY17

Excluding Uday bonds, it would have been 2.7% of GDP

7th pay commission, higher fiscal deficits and demonetisation likely reason