Kerala Aims zero revenue deficit in 2014-15

Published on: 25 Mar, 2013
Published under: General Kerala News, Kerala Business News

24 March 2013
Thiruvananthapuram

Year 2014-15 is expected to mark a turning point in the State’s fiscal history when, as per projections, revenue deficit would be brought down to zero. It has achieved the FD/GSDP target of three per cent in 2010-11 but had fallen back due to over-run of non-plan revenue expenditure resulting from impact of implementation of pay/pension revision. The State has been able to make a good account of itself with respect to other milestone targets of fiscal deficit to gross state domestic product (FD/GSDP) and debt to gross state domestic product (debt/GSDP).

As regards debt/GSDP, the State has surpassed the 26.70 per cent target for 2014-15 already. In fact, this was achieved as early as 2011-12. In 2013-14, this tempo would have to be sustained for improving on this to bring it down further to 0.50 per cent. This will set the ground for the ultimate target for ‘zero revenue deficit’ in the very next year.

Source– http://www.thehindubusinessline.com/news/states/kerala-hopes-to-achieve-zero-revenue-deficit-in-201415/article4544401.ece

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