States should have roadmap to reduce fiscal deficit: Finance panel chief

Singh made it clear that the commission wanted all the states to strictly adhere to the fiscal parameters enunciated in the FRBM Act by 2025

Finance Commission chairman N K Singh on Tuesday asked state governments to prepare suitable roadmaps to bring down fiscal deficit and high-debt position.

Singh made it clear that the commission wanted all the states to strictly adhere to the fiscal parameters enunciated in the Fiscal Responsibility and Budget Management (FRBM) Act by 2025, even if it means fiscal compression.

"I have visited 19 states and Telangana being the 19th one. We have to cover ten more states. What we found so far is varied conformity to the fiscal goals by the states as they are at different stages of disobedience