Debt Targets Set in Fiscal Responsibility and Budget Management Acts of the States
Annex |
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State |
Liabilities |
|
Original |
Amended |
|
Andhra Pradesh |
Not to exceed 35 per cent of GSDP by March 2010. |
Total outstanding liabilities as per cent of GSDP not to exceed 30.3 per cent (2010-11) and 27.6 per cent (2014-15). |
Arunachal Pradesh |
- |
Maintain the outstanding debt as a per cent to GSDP at not more than 61.3 per cent (2010-11) and 50.1 per cent (2014-15). |
Assam |
Restrict total debt stock including government guarantees to 45 per cent of GSDP of the previous year at current prices by March 2010. |
Attain the total outstanding state debt as a per cent of GSDP at 28.2 per cent (2010-11) and 28.5 per cent (2014-15) and maintain the same level thereafter. |
Bihar |
- |
Debt as per cent of GSDP to be 48.2 per cent (2010-11) and 41.6 per cent (2014-15). |
Chhattisgarh |
- |
Maintain outstanding debt as per cent of GSDP at 22.0 per cent (2010-11) and 23.9 per cent (2014-15). Shall not assume additional total liabilities in excess of 5 per cent of GDP for any financial year beginning 2010-11. |
Goa |
Total outstanding liabilities not more than 30 per cent of the GSDP by March 2009. Ratio of IP/RR not to exceed 20 per cent by March 2009. |
- |
Gujarat |
Ratio of debt-GSDP to be 30 per cent by March 2008. |
Cap public debt so as not to exceed 27.1 per cent of the GSDP, for each of the financial years from 2011-12 to 2014-15. |
Haryana |
Ensuring outstanding total debt including contingent liabilities to 28 per cent of GSDP by March 2010. |
Outstanding debt as percentage of GSDP shall be 22.4 per cent (2010-11) and 22.9 per cent (2014-15). |
Himachal Pradesh |
- |
Reduce outstanding debt as a per cent of GSDP to 49.7 per cent (2010-11) and 40.1 per cent (2014-l5). |
Jammu and Kashmir |
The total outstanding liabilities shall not exceed 55 per cent of estimated GSDP in 2010. Annual reduction in the outstanding liabilities/ GSDP ratio by 500 basis points every year. |
Reduce outstanding debt as a per cent of GSDP to 56.1 per cent (2010-11) and 49.3 per cent (2014-15). |
Jharkhand |
The total debt stock should be limited to 300 per cent of the TRR of the state by 2007-08. In order to bring the debt stock to a sustainable level, interest payments (IP) to revenue receipts (RR) ratio is to be limited to 18 to 25 per cent. |
Target for outstanding debt as per cent of GSDP shall be 29.0 per cent (2010-11) and 26.9 per cent (2014-15). |
Karnataka |
Not to exceed 25 per cent of GSDP by March 2015. |
Debt as per cent of GSDP shall be 26.2 per cent (2010-11) and 25.2 per cent (2014-15). |
Kerala |
- |
Debt to be reduced to 29.8 per cent of GSDP within a period of four years (2011-2015). Annual target ceilings in terms of GSDP are set at 32.3 per cent (2011-12) and 29.8 per cent (2014-15). |
Madhya Pradesh |
Not to exceed 40 per cent of GSDP by 2015. |
Total outstanding debt to estimated GSDP ratio not to exceed 37.6 per cent (2011-12) and 35.3 per cent (2014-15). |
Maharashtra |
- |
Maintain the outstanding debt to GSDP ratio up to 26.3 per cent (2010-11) and 25.3 per cent (2014-15). |
Manipur |
- |
Reduce outstanding debt as a per cent to GSDP to a maximum of 54.3 per cent by 2014-15. Annual ceilings on debt to GSDP ratio are 65.8 per cent (2010-11) and 54.3 per cent (2014-15). |
Meghalaya |
Total outstanding liabilities on the consolidated fund not more than 28 per cent of the GSDP. |
Outstanding debt as a per cent to GSDP to be progressively reduced from 32.7 per cent during 2011-12 to 31.7 per cent during 2014-15. |
Mizoram |
Total outstanding debt, excluding public account, in a year shall not exceed twice that of the estimated receipts in the consolidated fund of the State at the close of the financial year. |
Reduce total outstanding debt to GSDP ratio to 87.3 per cent (2010-11) and 74.8 per cent (2014-15). |
Nagaland |
Total debt stock not to exceed more than 40 per cent of the GSDP by March 2010. |
Reduce the debt as a per cent to GSDP to 56.8 per cent (2010-11) and 52.3 per cent (2014-15). |
Odisha |
(i) Debt stock to be limited to 300 per cent of revenue receipts by 2007-08 (ii) Interest payment as ratio to revenue receipts is to be limited to 18-25 per cent. |
The notified annual ceilings on debt-GSDP ratio are 31.0 per cent (2010-11) and 29.5 per cent (2014-15). |
Punjab |
Ratio of debt-GSDP to be 40 per cent by 2006-07 |
Reduce debt as per cent of GSDP to 42.5 per cent (2010-11) and 38.7 per cent (2014-15) and maintain thereafter. |
Rajasthan |
Outstanding debt excluding public account and risk-weighted outstanding guarantees not to exceed twice the receipts in the consolidated fund of the state. |
Restrict its total outstanding debt as a per cent of GSDP to 39.3 per cent (2011-12) and 36.5 per cents (2014-15). |
Sikkim |
- |
Reduce debt stock to 55.9 per cent of GSDP within a period of five years (2010-11 to 2014-15). Annual targets are 68.4 per cent (2010-11) and 55.9 per cent (2014-15). |
Tamil Nadu |
- |
Annual target ceilings for total outstanding debt as a per cent to GSDP not to exceed 24.5 per cent (2011-12) and 25.2 per cent (2014-15). |
Tripura |
Not to exceed 40 per cent of GSDP by 2010. |
Total debt stock as a per cent to estimated GSDP to not exceed 45.2 per cent (2010-11) and 43.8 per cent (2014-15). |
Uttar Pradesh |
Not to exceed 25 per cent of GSDP by March 2018. |
The total debt stock as percentage of GSDP to be maintained at 46.9 per cent (2011-12) and 41.9 per cent (2014-15). |
Uttarakhand |
Total outstanding liabilities not more than 25 per cent of the GSDP by March 2015. |
Total estimated debt liability as a per cent of GSDP not to exceed 41.0 per cent (2011-12) and 37.2 per cent (2014-15). |
West Bengal |
- |
Debt stock to be reduced to 34.3 per cent of the GSDP within a period of five years between 2010-11 and 2014-15. Annual targets with respect to GSDP are 39.1 per cent (2011-12) and 34.3 per cent (2014-15). |
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