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State misses fiscal deficit target: Report

Nainital, November 17
A study carried out by the Association for Democratic Reforms (ADR) and the National Election Watch (NEW) on Uttarakhand revealed that over the five years between 2005-06 and 2009-10, the budget projections for the revenue deficit and fiscal deficit had not been achieved.

The study pointed out that the state could not achieve the fiscal deficit target of 4 per cent of Gross State Domestic Product as prescribed in the Fiscal Responsibility and Budgetary Management (FRBM) Act, 2005, for the year 2009-10 which stood at 5.94 per cent. [more]


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