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State Finances: A Study of Budgets of 2011-12


  • Reserve Bank of India RBI


The budgetary data for 2011-12 indicates the commitment of States to carry forward fiscal correction, as evident from the emergence of revenue surplus after a gap of two years and consequent reduction in fiscal deficit-GDP ratio. Notwithstanding the improvement in the revenue account, the budgeted fiscal deficit-GDP ratio for 2011-12 is higher than the recommended benchmark by the Thirteenth Finance Commission (ThFC), mainly on account of higher capital outlay during 2011-12. [RBI Report]. URL:[].

Suggested Citation

  • Reserve Bank of India RBI, 2012. "State Finances: A Study of Budgets of 2011-12," Working Papers id:4905, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:4905
    Note: Current Affairs

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