{"id":5821,"date":"2024-06-14T02:14:55","date_gmt":"2024-06-14T02:14:55","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=5821"},"modified":"2024-06-14T02:14:55","modified_gmt":"2024-06-14T02:14:55","slug":"cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/","title":{"rendered":"Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years"},"content":{"rendered":"<p>TheReserve Bank of Indias fiscal risk analysis report predicts thatPunjabs debt-to-GSDP (gross state domestic product) ratio will keep deteriorating and exceed 45% in financial year 2026-27, while the states outstanding debt will cross Rs 3.05 lakh crore by the end of the current FY. It joins Bihar,Kerala,Rajasthan, and West Bengal in the club of highly stressed states with unsustainable .<\/p>\n<p>The RBI found Punjab and Haryana among the 10 states with the highest debt burden, the other being Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand,Madhya Pradesh, and Uttar Pradesh. Contingent liabilities have surpassed 5% of the GSDP in Punjab, Rajasthan, Uttar Pradesh and Andhra Pradesh. These 10 worst states account for around half the expenditure by all state governments. Their other vulnerability indicators are GFD-to-GSDP (gross <a href=\"https:\/\/exam.pscnotes.com\/fiscal-deficit\">Fiscal Deficit<\/a> to gross state domestic product) ratios equal to or more than 3% in fiscal 2021-22, besides deficits in their revenue accounts (except Uttar Pradesh and Jharkhand).<\/p>\n<p>The interest payment to <a href=\"https:\/\/exam.pscnotes.com\/revenue-receipts\">Revenue Receipts<\/a> ratio, a measure of debt servicing burden on the states revenues, was more than 10% in eight of these states, barring Bihar and Jharkhand. The own tax revenue of Punjab, Madhya Pradesh, and Kerala has been declining, while their non-tax revenue has remained volatile, dropping significantly in recent years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TheReserve Bank of Indias fiscal risk analysis report predicts thatPunjabs debt-to-GSDP (gross state domestic product) ratio will keep deteriorating and exceed 45% in financial year 2026-27, while the states outstanding debt will cross Rs 3.05 lakh crore by the end of the current FY. It joins Bihar,Kerala,Rajasthan, and West Bengal in the club of highly &#8230; <a title=\"Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/\" aria-label=\"Read more about Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[655],"class_list":["post-5821","post","type-post","status-publish","format-standard","hentry","category-punjab","tag-04-07-22"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years\" \/>\n<meta property=\"og:description\" content=\"TheReserve Bank of Indias fiscal risk analysis report predicts thatPunjabs debt-to-GSDP (gross state domestic product) ratio will keep deteriorating and exceed 45% in financial year 2026-27, while the states outstanding debt will cross Rs 3.05 lakh crore by the end of the current FY. It joins Bihar,Kerala,Rajasthan, and West Bengal in the club of highly ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/\" \/>\n<meta property=\"og:site_name\" content=\"Current Affairs Exam\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T02:14:55+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/","og_locale":"en_US","og_type":"article","og_title":"Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years","og_description":"TheReserve Bank of Indias fiscal risk analysis report predicts thatPunjabs debt-to-GSDP (gross state domestic product) ratio will keep deteriorating and exceed 45% in financial year 2026-27, while the states outstanding debt will cross Rs 3.05 lakh crore by the end of the current FY. It joins Bihar,Kerala,Rajasthan, and West Bengal in the club of highly ... Read more","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-14T02:14:55+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/","name":"Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years - Current Affairs Exam","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website"},"datePublished":"2024-06-14T02:14:55+00:00","dateModified":"2024-06-14T02:14:55+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/cost-of-freebies-punjab-debt-gsdp-ratio-to-exceed-45-in-4-years\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/current-affairs\/"},{"@type":"ListItem","position":2,"name":"Cost of freebies: Punjab debt-GSDP ratio to exceed 45% in 4 years"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website","url":"https:\/\/exam.pscnotes.com\/current-affairs\/","name":"Current Affairs Exam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/current-affairs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/current-affairs\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/5821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=5821"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/5821\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=5821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=5821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=5821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}