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This Article is From Jan 24, 2014

Chhattisgarh tops in fiscal management in RBI report

Raipur: Chhattisgarh has emerged at the top of a list of states in many fiscal parameters, the Reserve Bank of India (RBI) said on Thursday.

The RBI report titled "State Finances - A study of Budgets of 2013-14" said Chhattisgarh's development expenditure as percent of Gross State Domestic Product (GSDP) was the highest in the country.

In Chhattisgarh, it was 20.7 per cent whereas all states' average was 11.4 per cent, according to a press release.

On this parameter, Bihar was second (16.8), Madhya Pradesh and Goa third (15.7) and Jharkhand was fourth (14.7).

In social sector expenditure that includes education, health, SC/ST development, women and child development etc., Chhattisgarh holds the first rank.

Social sector expenditure in Chhattisgarh as percent of GSDP is 14 per cent whereas Bihar (11.3) was second, Madhya Pradesh and Uttar Pradesh (9.7) third and Jharkhand (9.2) was fourth.

Chhattisgarh also has the second highest Capital Outlay as per cent of GSDP after Goa, the state government said.

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