GS3 · 15 marks · 250 words

State finances in India present a worrying picture, with debt sustainability being a major concern. Discuss in context of the recent RBI report on state finances.

Answered by 1 topper · CSE 2022

Syllabus: Government Budgeting.

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The Union and State budgets, fiscal deficit, FRBM, off-budget borrowing, counter-cyclical spending, devolution of revenue.

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