Chhattisgarh tops in fiscal management in RBI report
Posted on Jan 24 2014 | IANS
Raipur, Jan 23 : Chhattisgarh has emerged at the top of a list of states in many fiscal parameters, the Reserve Bank of India (RBI) said Thursday.
The RBI report titled "State Finances - A study of Budgets of 2013-14" said Chhattisgarh's development expenditure as percent of Gross State Domestic Product (GSDP) was the highest in the country.
In Chhattisgarh, it was 20.7 percent whereas all states' average was 11.4 percent, according to a press release.
On this parameter, Bihar was second (16.8), Madhya Pradesh and Goa third (15.7) and Jharkhand was fourth (14.7).
In social sector expenditure that includes education, health, SC/ST development, women and child development etc., Chhattisgarh holds the first rank.
Social sector expenditure in Chhattisgarh as percent of GSDP is 14 percent whereas Bihar (11.3) was second, Madhya Pradesh and Uttar Pradesh (9.7) third and Jharkhand (9.2) was fourth.
Chhattisgarh also has the second highest Capital Outlay as percent of GSDP after Goa, the state government said.