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Economy News
 
States' fiscal deficit soars to Rs 4.93 trillion in FY16
24-Jun-2017

Led by the most populous Uttar Pradesh and the largest Rajasthan, the gross fiscal deficits of all the states kyrocketed to Rs 4,93,360 crore in fiscal 2016 from Rs 18,790 crore in FY1991, according to the latest RBI data.According to the second edition of RBI's statistical publication titled 'Handbook of Statistics on States 2016-17', which was released today.

News Source:- http://economictimes.indiatimes.com/news/economy/finance/states-fiscal-deficit-soars-to-rs-4-93-trillion-in-fy16/articleshow/59296407.cms