States' consolidated fiscal deficit widens 0.3 pc to 3.3 pc in FY25: RBI
States' consolidated fiscal deficit has widened to 3.3 per cent of GDP in FY25 after remaining at 3 per cent for the three previous fiscals, the Reserve Bank said on Friday.
States' consolidated fiscal deficit has widened to 3.3 per cent of GDP in FY25 after remaining at 3 per cent for the three previous fiscals, the Reserve Bank said on Friday.
The central bank said it analysed the budgets presented by all the states for the fiscal year, and attributed the widening of the key number to higher borrowing by states under the central government's 50-year interest-free loans in the 'Special Assistance to States for Capital Investment'.
Accessing money under the central government scheme is over and above the normal net borrowing ceiling of the states, the RBI noted.
