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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.

building passive income with e commerce subscription boxes ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.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.

building passive income with e commerce subscription boxes ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.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.building passive income with e commerce subscription boxes Maximize Your Stock Returns: Start with ₹500