Economic Survey : State’s performance

  • There has been an improvement in the financial position of states over the last few years.
  • The average revenue deficit has been eliminated, while the average fiscal deficit was curbed to less than 3 percent of GSDP.
  • Centre’s Fiscal Responsibility and Budget Management (FRBM) Act,  mirrored by Fiscal Responsibility Legislations (FRL) adopted in the States.

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