Budgetary deficit – Revenue, Primary and Fiscal.
Budgetary Deficit Budgetary Deficit is the difference between all receipts and expenditure of the government, both revenue and capital. This difference is met by the net addition of the treasury bills issued by the RBI and drawing down of cash balances kept with the RBI. The budgetary deficit was called deficit financing by the government of India. This deficit adds to money supply in the economy and, therefore, it can be a major cause of inflationary rise in prices. Budgetary Deficit of central government of India was Rs. 2,576 crores in 1980-81, it went up to Rs. 11,347 crores in 1990-91 ... Read more
Chhattisgarh Public Finance and fiscal Policy,
State of the Economy:- According to 14th Planning Commision, During the last two plan periods, Chhattisgarh had achieved a growth rate comparable to national level. For the first two years of Twelfth plan, its growth rate had been better than that of all India. Primary sector provides sustenance to nearly 80 per cent of the population and contributes nearly 30 per cent to GSDP. However, with 70 per cent area under rain-fed agriculture, uncertain monsoon conditions affect the income of rural population. The contribution of secondary sector to the GSDP has, in recent years, declined in terms of percentage, despite ... Read more