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.