Fiscal Deficit of the Centre as percentage of GDP has declined consistently since 2013-14 from 4.5 per cent to 3.5 per cent in 2016-17 (provisional actual) and is further budgeted to come down to 3.2 per cent in 2017-18

Fiscal Deficit of the Centre as percentage of GDP has declined consistently since 2013-14 from 4.5 per cent to 3.5 per cent in 2016-17 (provisional actual) and is further budgeted to come down to 3.2 per cent in 2017-18 https://www.taxtmi.com/news?id=18493 The Government reports a steady reduction in the Centre's fiscal deficit and summarizes State fiscal deficits and outstanding liabilities. Pursuant to Fourteenth Finance Commission recommendations, States are subject to a fiscal deficit target with conditional flexibility to borrow additional amounts only if they satisfy prior-year debt to GSDP and interest to revenue thresholds and have no revenue deficit when borrowing limits are fixed. The Centre increased States' share of divisible taxes and provided post devolution revenue deficit grants to certain States. en-us Wed, 26 Jul 2017 18:25:55 +0530 Wed, 26 Jul 2017 18:25:55 +0530 TaxTMI RSS Generator Fiscal Deficit of the Centre as percentage of GDP has declined consistently since 2013-14 from 4.5 per cent to 3.5 per cent in 2016-17 (provisional actual) and is further budgeted to come down to 3.2 per cent in 2017-18 https://www.taxtmi.com/news?id=18493 The Government reports a steady reduction in the Centre's fiscal deficit and summarizes State fiscal deficits and outstanding liabilities. Pursuant to Fourteenth Finance Commission recommendations, States are subject to a fiscal deficit target with conditional flexibility to borrow additional amounts only if they satisfy prior-year debt to GSDP and interest to revenue thresholds and have no revenue deficit when borrowing limits are fixed. The Centre increased States' share of divisible taxes and provided post devolution revenue deficit grants to certain States. News - Wed, 26 Jul 2017 18:25:55 +0530 https://www.taxtmi.com/news?id=18493