facebook pixel
chevron_right Business
transparent transparent
States set to miss FY19 fiscal targets, predicts ICRA
Given the factors such as funding of crop loan waivers, election-related spending and the flood relief will see the states miss their fiscal consolidation targets, Icra said in a weekend note. The states' fiscal deficit is primarily financed by issuing state development loans (SDLs). Excluding these three states, total SDL issuance by the remaining states has grown 14.7 per cent in the first five months of FY19.
For the best experience use Awesummly app on your Android phone
Awesummly Chrome Extension Awesummly Android App