State fiscal health makes smart recovery in FY23 after sharp pandemic-induced deterioration: RBI1 min read . Updated: 16 Jan 2023, 08:43 PM IST
- The apex bank said that improved fiscal health also stepped up revenue collections and the states’ gross fiscal deficit is now budgeted to decline from 4.1% of GDP in 2020-21 to 3.4% in 2022-23 within the indicative target of 4% set by the centre
NEW DELHI : The fiscal health of the states has improved from a sharp pandemic-induced deterioration in 2020-21 on the back of a broad-based economic recovery, the Reserve Bank of India (RBI) said on Monday.
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