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Developing and Monetizing Blockchain Based Supply Chain Solutions ✌️【Asset】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.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.

Developing and Monetizing Blockchain Based Supply Chain Solutions ✌️【Asset】✌️Start today with ₹500 and start seeing rapid monthly profits. Your wealth journey begins here!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.

Developing and Monetizing Blockchain Based Supply Chain Solutions ✌️【Asset】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!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.Developing and Monetizing Blockchain Based Supply Chain Solutions ✌️【Asset】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly!