Question
Since the pandemic outbreak, the Centre has kept the Net
borrowing Ceiling of the State Governments above the Fiscal Responsibility Legislation (FRL) threshold. It was fixed at ______ of GSDP in FY21, _______ of GSDP in FY22 and _________ of GSDP in FY23.Solution
Since the pandemic outbreak, the Centre has kept the Net borrowing Ceiling of the State Governments above the Fiscal Responsibility Legislation (FRL) threshold. It was fixed at 5 per cent of GSDP in FY21, 4 per cent of GSDP in FY22 and 3.5 per cent of GSDP in FY23.
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