Content - आरबीआई - Reserve Bank of India
Content
Foreword |
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List of Abbreviations |
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Chapter I: Overview |
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1. |
Introduction |
2. |
Preview |
Chapter II: Issues and Perspectives |
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1. |
Introduction |
2. |
Fiscal Consolidation |
3. |
Fiscal Transparency |
4. |
Classification of Expenditure |
5. |
Central Transfers to States |
6. |
External borrowings |
7. |
Losses of State Power Utilities |
8. |
Public Private Partnership (PPP) at the State Level |
9. |
Conclusion |
Chapter III: Policy Initiatives |
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1. |
Introduction |
2. |
State Governments |
3. |
Government of India |
4. |
Reserve Bank of India |
5. |
Conclusion |
Chapter IV: Consolidated Fiscal Position of State Governments |
|
1. |
Introduction |
2. |
Accounts: 2009-10 |
3. |
Revised Estimates:2010-11 |
4. |
Budget Estimates: 2011-12 |
5. |
Assessment |
6. |
Conclusion |
Chapter V: State-Wise Analysis of Fiscal Performance |
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1. |
Introduction |
2. |
Deficit Indicators of the State Governments |
3. |
Revenue Receipt of the State Governments |
4. |
Expenditure Pattern of the State Governments |
5. |
Budgetary Stance of States for 2011-12 vis-a-vis the ThFC Benchmark |
6. |
Conclusion |
Chapter VI: Outstanding Liabilities, Market Borrowings and Contingent Liabilities of State Governments |
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1. |
Introduction |
2. |
Outstanding Liabilities |
3. |
State-wise Debt Position |
4. |
Market Borrowings |
5. |
Contingent Liabilities |
6. |
Liquidity Position and Cash Management |
7. |
Investment of Cash Balances |
8. |
Debt Consolidation and Relief |
9. |
Conclusion |
Chapter VII: Role of the Reserve Bank in State Finances |
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1. |
Introduction |
2. |
The Reserve Bank and State Finances: Legal and Institutional Underpinnings |
3. |
Evolving Role of the Reserve Bank in the Pre-reform period (1935-1990) |
4. |
Role of the Reserve Bank in the Post-Reform Period since 1990 |
5. |
Impact of Reserve Bank’s role on State Finances: Overall Assessment |
6. |
Concluding Observations and the Way Forward |
ANNEX 1 |
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Amendments to the Fiscal Responsibility and Budget Management Acts -Deficit and Debt Targets |
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Explanatory Note on Data Sources and Methodology |
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LIST OF BOXES |
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II.1. |
Recommendations of the High Level Expert Committee on Efficient Management of Public Expenditure |
II.2. |
Report of the Committee on Restructuring of Centrally Sponsored Schemes |
II.3. |
Report of the High Level Panel on Financial Position of Distribution Utilities – A Brief |
VI.1. |
Review of National Small Savings Fund (NSSF) |
VII.1. |
Approaches to Sub-national Debt Management: Cross-country Experiences |
VII.2. |
Recourse to market borrowings by the State Government and Interest burden |
LIST OF TABLES |
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III.1: |
State-wise Measures to Contain Price rise in Administered Petroleum Products |
III.2: |
Institutional Reforms by State Governments. |
IV.1: |
Major Deficit Indicators of State Government. |
IV.2: |
Variation in Major Items - 2009-10 (Accounts) over 2009-10 (RE) |
IV.3: |
Variation in Major Items - 2010-11 (RE) over 2010-11 (BE) |
IV.4: |
Variation in Major Items - 2011-12 (BE) over 2010-11 (RE) |
IV.5: |
Aggregate Receipts of State Governments |
IV.6: |
Cost Recovery of Select Services |
IV.7: |
Expenditure Pattern of State Governments |
IV.8: |
Development Expenditure vis-à-vis Total Expenditure |
IV.9: |
Trends in Aggregate Social Sector Expenditure of State Governments. |
IV.10: |
Expenditure on Social Services (Revenue and Capital Accounts) – Composition |
IV.11: |
State-wise Correction of RD and GFD - 2011-12 (BE) over 2010-11 (RE) |
IV.12: |
Decomposition and Financing Pattern of Gross Fiscal Deficit - 2009-10 (Accounts) to 2011-12 (BE) |
IV.13: |
Budgetary Data Variation- State Budgets and Union Budget |
IV.14: |
Performance of the States vis-à-vis Thirteenth Finance Commission Assessment |
V.1: |
Fiscal Imbalances in Non-Special and Special Category States |
V.2: |
Deficit Indicators of State Governments. |
V.3: |
Revenue Receipts of the State Governments |
V.4: |
Revenue Expenditure of the State Governments |
V.5: |
Details of Committed Expenditure |
V.6: |
Development Expenditure: Select Indicators ; |
V.7: |
Deficit Indicators in 2011-12: Comparison with ThFC Targets |
VI.1: |
Outstanding Liabilities of State Governments |
VI.2: |
Composition of Outstanding Liabilities of State Governments |
VI.3: |
State-wise Debt-GSDP Position |
VI.4: |
Interest Rate Profile of the Outstanding Stock of State Government Securities |
VI.5: |
Market Borrowings of State Governments |
VI.6: |
Maturity Profile of Outstanding State Government Securities |
VI.7: |
Average Interest Rate on Outstanding Liabilities of State Governments |
VII.1: |
Minimum Balances and Limits of WMAs |
VII.2: |
Salient Features of WMA Scheme of the State Governments |
LIST OF CHARTS |
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IV.1: |
Trend in Interest Receipt. |
IV.2: |
Composition of Committed Expenditure |
V.1: |
Revenue Receipts of States |
V.2: |
Current Transfers from the Centre |
V.3: |
Composition of Revenue Receipts |
V.4: |
Value Added Tax in Non-special Category States |
V.5: |
Value Added Tax in Special Category States |
V.6: |
Pre-emption of Revenue Receipts by Committed Expenditure and Interest Payments |
V.7: |
Composition of Interest Payments in Non-special Category States - 2010-11 (RE) |
VI.1: |
Deficit, Debt and Interest Burden |
VI.2: |
Utilisation of WMA and Overdraft by States (Average of daily outstanding) |
VI.3: |
Investment in 14-day Intermediate and Auction Treasury Bills by the State Governments (Average of Friday outstanding) |
VII.1: |
Outstanding WMAs and Invesment in Treasury Bills (as at end-March) |
VII.2: |
GFD and its financing through market borrowings |
VII.3: |
Interest rates on market borrowings and NSSF loans |
VII.4: |
Outstanding market loans, interest payments and surplus/deficit on the revenue account |
LIST OF APPENDIX TABLES |
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1. |
Major Deficit Indicators of State Governments |
2. |
Consolidated Budgetary Position at a Glance |
3. |
Revenue Receipts |
4. |
Revenue Expenditure |
5. |
Capital Receipts |
6. |
Capital Disbursements |
7. |
Devolution and Transfer of Resources from the Centre |
8. |
Development and Non-Development Expenditure |
9. |
Development Expenditure - Major Heads |
10. |
Non-Development Expenditure - Major Heads |
11. |
Development and Non-Development Expenditure - Plan and Non-Plan Components |
12. |
Development and Non-Development Expenditure - Revenue and Capital Components |
13. |
Plan and Non-Plan Expenditure - Revenue and Capital Components |
14. |
Non-Plan Non-Development Expenditure of States |
15. |
Composition of Social Sector Expenditure |
16. |
Decomposition of Gross Fiscal Deficit |
17. |
Financing of Gross Fiscal Deficit |
18. |
Financing of Gross Fiscal Deficit - As per cent to Total |
19. |
Composition of Outstanding Liabilities of State Governments (As at end-March) |
20. |
Composition of Outstanding Liabilities of State Governments – As proportion to Total (As at end-March) |
21. |
State Government Market Borrowings |
LIST OF STATEMENTS |
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1. |
Major Fiscal Indicators |
2. |
Revenue Deficit/Surplus |
3. |
Conventional Deficit/Surplus |
4. |
Gross Fiscal Deficit/Surplus |
5. |
Decomposition of Gross Fiscal Deficit |
6. |
Financing of Gross Fiscal Deficit - 2009-10 (Accounts) |
7. |
Financing of Gross Fiscal Deficit - As per cent to Total - 2009-10 (Accounts) |
8. |
Financing of Gross Fiscal Deficit - 2010-11 (RE) |
9. |
Financing of Gross Fiscal Deficit - As per cent to Total - 2010-11 (RE) |
10. |
Financing of Gross Fiscal Deficit - 2011-12 (BE) |
11. |
Financing of Gross Fiscal Deficit - As per cent to Total - 2011-12 (BE) |
12. |
Development Expenditure |
13. |
Non-Development Expenditure |
14. |
Plan Expenditure |
15. |
Non-Plan Expenditure |
16. |
Non-Plan Non-Development Expenditure |
17. |
Interest Payments |
18. |
Tax Revenue |
19. |
Own Tax Revenue |
20. |
Non-Tax Revenue |
21. |
Own Non-Tax Revenue |
22. |
Share in Central Taxes |
23. |
Grants from the Centre |
24. |
Loans from the Centre |
25. |
Devolution and Transfer of Resources from the Centre |
26. |
Composition of Outstanding Liabilities (As at end-March 2010-12) |
27. |
Total Outstanding Liabilities of State Governments (As at end-March) |
28. |
Total Outstanding Liabilities of State Governments As percentage of GSDP (As at end-March) |
29. |
Markets Borrowings of State Governments |
30. |
Plan Outlay of State Governments |
31. |
Capital Receipts and Capital Expenditure |
32. |
State Government Market Loans |
33. |
Outstanding Market Loans of State Governments (As at end-March 2011) |
34. |
Maturity Profile of Outstanding State Government Securities (Outstanding as on March 31, 2011) |
35. |
Maturity Profile of Outstanding State Government Securities - As Percentage to total (Outstanding as on March 31, 2011) |
36. |
Select Committed Expenditure of State Governments -As Ratio to States’ Own Revenue |
37. |
Select Committed Expenditure of State Governments -As Ratio to Revenue Expenditure |
38. |
Availment of WMA and Overdraft from the Reserve Bank |
39. |
Ways and Means Advances from the Centre |
40. |
Investment Outstanding in 14-day Intermediate Treasury Bills (As at end-March) |
41. |
Expenditure on Education - As Ratio to Aggregate Expenditure |
42. |
Expenditure on Medical and Public Health and Family Welfare -As Ratio to Aggregate Expenditure |
43. |
Outstanding Guarantees of State Governments (As at end-March) |
44. |
Expenditure on Wages and Salaries |
45. |
Expenditure on Operations and Maintenance |
46. |
Social Sector Expenditure |
47. |
Social Sector Expenditure to Total Expenditure |
APPENDICES |
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I. |
Revenue Receipts of States and Union Territories with Legislature |
II. |
Revenue Expenditure of States and Union Territories with Legislature |
III. |
Capital Receipts of States and Union Territories with Legislature |
IV. |
Capital Expenditure of States and Union Territories with Legislature |
NOTE TO APPENDICES |