Cite this article:
Bharadwaj and Bharadwaj (1995). Financial Management of Chhattisgarh Government. Journal of Ravishankar University (Part-A: Science), 8(1), pp. 09-15.
Financial Management of Chhattisgarh Government
Period 2001-02 To 2009-10
Bharadwaj and J.L. Bharadwaj
of Studies in Economics,
Ravishankar Shula University, Raipur
State had enacted "The Fiscal Responsibility Legislation Act" on 25th
September 2005. The basic objectives of this Legislation Act 2005 were to reduce
revenue-deficit and fiscal deficit to zero and 3 percent to its Gross State Domestic Product up to
year 2008-09 respectively as per laid-down by Twelfth Finance Commission. The State has
achieved the targets and become to entitle for "Debt-Swap" and "Debt-Write-Off".
The State has also increase the Tax/
GSDP ratio more than Central
Government and reduce the non-development expenditure and increase the economic
& social welfare by enlarging
the development expenditure in the state. It witnesses the Good Financial Management of the Chhattisgarh
Government. How these targets are achieved through Revenue-Management,
Expenditure Management, Debt-Management and Fiscal Deficit Management, it is a vital
and crucial issue. This issue is explained detail in this paper.
Key-words: Chhattisgarh State's Fiscal
Responsibility Act 2005, Debt-Swap, Debt-Write off, Revenue Management, Expenditure
Management, Development Expenditure
Management, Development Expenditure, Non-Development Expenditure, Fiscal Performance Indicators,
Revenue-Deficit, Fiscal-Deficit &
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