Finance Commission seeks roadmap on fiscal status of Telangana
: Expressing concern over Telanganas fiscal and debt position appearing to be 'problematic' with respect to GSDP, the 15th Finance Commission Tuesday asked the state government to submit a medium-term roadmap on the issue so that it could be overcome by 2025-end.
Addressing reporters, chairman of the commission N K Singh said the states performance was better in terms of growth in revenues when compared to those of some other states.
Telangana revenue has the potential to grow at 20 per cent in the years to come, he said.
''Since the fiscal deficit and the debt to GSDP looked a little problematic, I have requested the state government to give me a medium-term roadmap...,'' he said
The commission has visited 19 states and in most of them, there has been varied conformity both on the debt according to the fiscal responsibility and budget management, Singh said.
He said the country's debt to GDP stood at 60 per cent - 40 per cent is from the Centre and 20 per cent from the