https://www.taxtmi.com/news?id=21295 The meeting emphasised strengthening State fiscal governance via State Finance Commissions, continuity of Finance Commission engagement, and adoption of common expenditure codes to reduce inter-state variance. It noted fiscal slippages driven by legacy and recent liabilities and a rising state debt-to-GDP ratio. On market borrowings, it urged improved secondary market liquidity, disclosure and valuation practices for state debt, stronger guarantee reserves, standardised reporting of contingent liabilities under FRBM, and better cash-forecasting and short-term borrowing mechanisms for states. en-us Wed, 08 May 2019 17:27:27 +0530 Wed, 08 May 2019 17:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21295 The meeting emphasised strengthening State fiscal governance via State Finance Commissions, continuity of Finance Commission engagement, and adoption of common expenditure codes to reduce inter-state variance. It noted fiscal slippages driven by legacy and recent liabilities and a rising state debt-to-GDP ratio. On market borrowings, it urged improved secondary market liquidity, disclosure and valuation practices for state debt, stronger guarantee reserves, standardised reporting of contingent liabilities under FRBM, and better cash-forecasting and short-term borrowing mechanisms for states. News - Wed, 08 May 2019 17:27:27 +0530 https://www.taxtmi.com/news?id=21295