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In 2024-25, states have budgeted a GFD of 3.2% of GDP, according to theRBI’s ‘State Finances: A Study of Budgets of 2024-25’.It said states’ total outstanding liabilities declined from 31% of GDP at March-end 2021 to 28.5% at March-end 2024 but remained above the pre-pandemic level of 25.3% at March 2019.

earn commissions through online sales promotion ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!The prudential level is 20% for debt-GDP for states.In view of high debt levels, it said “next generation” fiscal rules which combine the medium-term fiscal sustainability objective with short-term flexibility allowing state governments more manoeuvrability in dealing with exogenous economic shocks could be considered.

earn commissions through online sales promotion ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.This would require strengthening of institutions and improvements in fiscal reporting while incorporating the implications of evolving challenges, especially climate change and population aging.The adoption of Fiscal Responsibility Legislations (FRLs) by state governments along with othertaxand expenditure reforms fostered overall fiscal sustainability at the subnational level.earn commissions through online sales promotion ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.