ANNEX REFERRED TO ANSWER IN PART (a) to
(d) OF THE RAJYA SABHA UNSTARRED
QUESTION NO. 2626 BY
MS MABEL REBELLO AND
DR T. SUBBARAMI REDDY TO BE
ANSWERED ON 28.7.2009 REGARDING RELAXATION ON FISCAL DEFICIT CEILING
Sl. No. |
State |
Request made by the State regarding relaxation in
fiscal deficit ceiling during the pre-Budget consultations with the Union
Finance Minister |
1 |
Himachal Pradesh |
Fiscal
Responsibility and Budget Management (FRBM)
target of 3.5% fiscal deficit is unrealistic due to the impact of 6th
Central Pay Commission recommendations
and this is hampering the
investment in Power, Agriculture sectors etc.
FRBM Act needs to be amended accordingly. |
2 |
Rajasthan |
Additional
market borrowings required to implement flag-ship programmes. Larger borrowing limits for the States to
be considered. Similarly limit for
fiscal deficit should also be increased. |
3 |
|
The
entire structure of FRBM Act to be reviewed by an Expert Group. |
4 |
|
FRBM
targets should not be made operational for this year. Fiscal deficit target to be allowed further relaxation and
kept at 5% GSDP. |
5 |
Andhra
Pradesh |
Higher
fiscal deficit target for 2009-10
would help to go for Capital Expenditure to give additional stimulus to the economy |
6 |
|
FRBM
Act targets cannot be achieved,. Therefore policy statement in this regard
should be made. |
7 |
Jammu & Kashmir |
It is
not possible to comply with the parameters laid down in the FRBM Act. Expert Group needs to be appointed for a
review there of. Fiscal deficit to be
borne by the Centre fully. |
8 |
Karnataka |
FRBM
Act needs to be revised to facilitate increase borrowings by States. |
9 |
Kerala |
FRBM
policy needs review with the States given necessary freedom. |
10 |
Madhya Pradesh |
FRBM –
Loans GSDP of 3.5% be increased to 5%. |
11 |
|
FRBM
Act needs to be reviewed on an annual basis |
12 |
Uttar Pradesh |
FRBM
Act is not favourable to States and needs review. |
13 |
Manipur |
Increase
in FRBM limits proposed. |