This line chart shows the trend of India's Union Government Fiscal Deficit as a percentage of GDP from FY 2018-19 to the target for FY 2025-26, highlighting the impact of major events like the COVID-19 pandemic and the FRBM Act targets.
This bar chart compares the estimated Public Debt as a percentage of GSDP for select Indian states for FY 2025-26, highlighting states with high and low debt burdens, including Bihar, which is central to the freebies debate.
This line chart shows the trend of India's Union Government Fiscal Deficit as a percentage of GDP from FY 2018-19 to the target for FY 2025-26, highlighting the impact of major events like the COVID-19 pandemic and the FRBM Act targets.
This bar chart compares the estimated Public Debt as a percentage of GSDP for select Indian states for FY 2025-26, highlighting states with high and low debt burdens, including Bihar, which is central to the freebies debate.
Fiscal Policy Instruments include government spending (revenue and capital expenditure) and taxation (direct and indirect taxes).
Aims to achieve economic growth, price stability, employment generation, and equitable distribution of income.
Fiscal Deficit is a key indicator of fiscal health, often expressed as a percentage of GDP.
High fiscal deficit leads to increased government borrowing, which can 'crowd out' private investment and lead to higher interest rates.
Public Debt includes internal debt (market borrowings, small savings) and external debt.
Unsustainable public debt can lead to a debt trap, where a significant portion of revenue is used for interest payments.
FRBM Act aimed to reduce fiscal deficit to 3% of GDP and eliminate revenue deficit.
Fiscal Prudence involves balancing expenditure with revenue, prioritizing productive capital expenditure, and managing debt sustainably.
State finances are governed by their own budgets, with borrowing limits set by the Union government under Article 293.
Fiscal Policy Instruments include government spending (revenue and capital expenditure) and taxation (direct and indirect taxes).
Aims to achieve economic growth, price stability, employment generation, and equitable distribution of income.
Fiscal Deficit is a key indicator of fiscal health, often expressed as a percentage of GDP.
High fiscal deficit leads to increased government borrowing, which can 'crowd out' private investment and lead to higher interest rates.
Public Debt includes internal debt (market borrowings, small savings) and external debt.
Unsustainable public debt can lead to a debt trap, where a significant portion of revenue is used for interest payments.
FRBM Act aimed to reduce fiscal deficit to 3% of GDP and eliminate revenue deficit.
Fiscal Prudence involves balancing expenditure with revenue, prioritizing productive capital expenditure, and managing debt sustainably.
State finances are governed by their own budgets, with borrowing limits set by the Union government under Article 293.
