Fiscal Discipline and Public Investment Efficiency in Telangana: Pathways to the Viksit 2047 Economy
Dr. Y Venu Prasad
Associate Professor of Economics Govt. Degree College, Armoor District: Nizamabad
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http://doi.org/10.37648/ijps.v21i03.025
Abstract
Telangana's pursuit of the ambitious $3 trillion GSDP 'Vikasit 2047' vision requires a fundamental pivot in its fiscal strategy. The state must transition it’s approximately ?4.5 lakh crore public debt from consumption funding to productive capital expenditure. While key fiscal indicators like the Fiscal Deficit (FD/GSDP) (~3.0%) and Debt-toGSDP ratio (~29.3%) remain within statutory limits, the long-term sustainability is threatened by contingent liabilities (off-budget borrowings by PSUs). If absorbed, these liabilities could significantly strain the budget.
Keywords:
Fiscal sustainability; Contingent liabilities; Revenue mobilization; Vision 2047
References
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