State Fiscal Health and the “Golden Rule” of Financing
The Union Finance Ministry’s Monthly Economic Review (April 2026) has warned that nine large Indian states are projected to run Revenue Deficits in 2026-27, limiting their ability to handle external fiscal shocks like the ongoing West Asia crisis. Key Points Explanation of Relevant Terms 1. Revenue Deficit 2. Fiscal Deficit 3. Capital Outlay 4. Fiscal […]
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