{"id":128472,"date":"2023-01-18T12:08:35","date_gmt":"2023-01-18T06:38:35","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=128472"},"modified":"2023-01-18T12:08:37","modified_gmt":"2023-01-18T06:38:37","slug":"states-gross-fiscal-deficit-set-to-fall-in-2022-23-rbi","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/states-gross-fiscal-deficit-set-to-fall-in-2022-23-rbi\/","title":{"rendered":"States\u2019 gross fiscal deficit set to fall in 2022-23: RBI"},"content":{"rendered":"\n<p><strong>States\u2019 gross fiscal deficit set to fall in 2022-23: RBI-<\/strong> The finances of Indian states are expected to improve in 2022-23 with the consolidated gross fiscal deficit to gross domestic product ratio seen falling to 3.4% from 4.1% for the previous year, the Reserve Bank of India said on Monday.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-january-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">January 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>\u201cThe fiscal health of the states has improved from a sharp pandemic-induced deterioration in 2020-21 on the back of a broad-based economic recovery and resulting high revenue collections,\u201d the central bank said in the State Finances Report that is released annually.<\/p>\n\n\n\n<p>While&nbsp;states\u2019 debt is budgeted to ease to 29.5% of GDP in 2022-23&nbsp;as against 31.1% in 2020-21. But, it is&nbsp;higher than the 20% recommended by the Fiscal Responsibility and Budget Management Review Committee in 2018. The RBI has also&nbsp;advised governments to set up a fund for long-term expenditure when revenue collection is strong.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>States\u2019 gross fiscal deficit set to fall in 2022-23: RBI- The finances of Indian states are expected to improve in 2022-23 with the consolidated gross fiscal deficit to gross domestic product ratio seen falling to 3.4% from 4.1% for the previous year, the Reserve Bank of India said on Monday. January 2023 Current Affairs Quiz [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":128473,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4996],"tags":[64],"offerexpiration":[],"class_list":["post-128472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-january-2023","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/128472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=128472"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/128472\/revisions"}],"predecessor-version":[{"id":128474,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/128472\/revisions\/128474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/128473"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=128472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=128472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=128472"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=128472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}