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Earn Money from Writing Sponsored Content for Lifestyle Blogs ✌️【Part-Time Position】✌️₹500 to start, high returns to earn. Join now and watch your wealth increase!With reforms fostering overall fiscal sustainability at the subnational level, states need to adopt “next-generation” fiscal rules, time-bound glide paths for fiscal consolidation, and rein in subsidies and freebies, the Reserve Bank of India (RBI) said in a report on Thursday.State governments contained their consolidated gross fiscal deficit (GFD) within 3% of gross domestic product (GDP) and their revenue deficit at 0.2% of GDP during 2022-23 and 2023-24.

In 2024-25, states have budgeted a GFD of 3.2% of GDP, according to theRBI’s ‘State Finances: A Study of Budgets of 2024-25’.It said states’ total outstanding liabilities declined from 31% of GDP at March-end 2021 to 28.5% at March-end 2024 but remained above the pre-pandemic level of 25.3% at March 2019.

Earn Money from Writing Sponsored Content for Lifestyle Blogs ✌️【Part-Time Position】✌️Invest ₹500 to unlock consistent monthly returns. Start now for big rewards!The prudential level is 20% for debt-GDP for states.In view of high debt levels, it said “next generation” fiscal rules which combine the medium-term fiscal sustainability objective with short-term flexibility allowing state governments more manoeuvrability in dealing with exogenous economic shocks could be considered.

Earn Money from Writing Sponsored Content for Lifestyle Blogs ✌️【Part-Time Position】✌️Start small with ₹500 and watch your money grow month by month!This would require strengthening of institutions and improvements in fiscal reporting while incorporating the implications of evolving challenges, especially climate change and population aging.The adoption of Fiscal Responsibility Legislations (FRLs) by state governments along with othertaxand expenditure reforms fostered overall fiscal sustainability at the subnational level.Earn Money from Writing Sponsored Content for Lifestyle Blogs ✌️【Part-Time Position】✌️Secure high monthly returns with a ₹500 investment. Start your wealth journey today!