Telangana Fiscal Responsibility and Budget Management 2016

Telangana Fiscal Responsibility and Budget Management 2016

 Telangana State government get more eligibility to take 3.5% loan from the central government to decrease fiscal deficiency and improve macroeconomic management and management of public funds to utilize these funds to balance the budget.

Telangana Loan Eligibility 2016 Year
Present FY Year Next FY Year Difference
3% 3.50% 0.50%
Where
FY Financial Year 2016-17 year

Where Fiscal Responsibility and Budget Management (FRBM) is an Act of the Parliament of India to institutionalize financial discipline, reduce Indias fiscal deficit.

Highlights:

  • Telangana FRBM Loan Extended to 3.5% Central Government Approved.
  • Telangana GDP 0.5%
  • Telangana Government gets Rs. 3122/- crore Loan
  • To be used in State Schemes
  • Loan Eligibility Increased to 0.5%
  • Present status of Loan percentage is 3%.
  • After Increased to 3.5%
  • Working since 2 years

Eligibility:

  • Budget Amount Saved by TS State
  • Loans are not crossed 25%
  • Interest not crossed by 10%
  • Telangana Financial department gets approval through FAX from Central Govt.

Impact:

Telangana State (TS) gets 3.5% more loan eligibility from central Government. 

 

Leave a Reply