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
Vibha
Bharadwaj and J.L. Bharadwaj
School
of Studies in Economics,
Pt.
Ravishankar Shula University, Raipur
Abstract: Chhattisgarh
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 &
Capital outlay.
NOTE:
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