Despite more than expected transfers from Centre, state deficits overshot targets in FY17
Deviation from Budget estimates (states’ finances in FY17, RE vs BE, % of GDP)
0.36
Deficit
-0.3
-0.20
-0.10
0.00
0.10
0.20
0.30
0.23
Receipts from centre
-0.37
States' own tax revenue
0.12
Total expenditure
0.36
Deficit
Analysis based on 18 major states, accounting for 86% of India’s GDP and 76% of population (excludes UP, Uttarakhand, Punjab, Assam and other states); BE: Budget Estimates; RE: Revised Estimates
