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AI driven quantum computing for scalable deep learning model deployment ✌️【Career Counseling】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!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.

AI driven quantum computing for scalable deep learning model deployment ✌️【Career Counseling】✌️A trusted platform for online earnings. Start small and make big profits monthly!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.

AI driven quantum computing for scalable deep learning model deployment ✌️【Career Counseling】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!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.AI driven quantum computing for scalable deep learning model deployment ✌️【Career Counseling】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.