Finance

Risk-o-Meter

Twelve equal-weight fiscal dials, each against its norm, with basis and source.

Revenue deficit

RE

2.58% GSDP

Outside the norm of 0.

norm 0T3FIU_BP:KPI_12; Status Report Table 3.1a; BiB

Fiscal deficit

RE

3.78% GSDP

Outside the norm of 3.

norm 3T3FIU_BP:KPI_12; Table 3.1a; FY25 actual 3.86 [T1 AG]

Debt (budget)

RE

33.22% GSDP

Outside the norm of 33.

norm 33T3FIU_BP:deficits_vs_targets; SR2026:T3.1a

Debt (consolidated)

DV

38.8% GSDP

Outside the norm of 33.

norm 33MEDFIU_BP:KPI_12; WS-3: budget + KIIFB + KSSPL (C&AG treatment)

Committed expenditure

AC

77.6% TRR

Outside the norm of 60.

norm 60T1FIU_BP:KPI_12; Table 1.1; components Exp sheet

Interest

BE

20.9% TRR

Outside the norm of 12.36.

norm 12.36T2FIU_BP:KPI_12; Table 1.1; majors 12.36

Own-tax buoyancy

AC

0.96coef

Outside the norm of 1.09.

norm 1.09T2FIU_BP:KPI_12; Table A.11; majors 1.09

SGST

BE

2.65% GSDP

Outside the norm of 3.09.

norm 3.09T2FIU_BP:KPI_12; Table 2.8; majors 3.09

Capital expenditure

BE

1.34% GSDP

Outside the norm of 3.2.

norm 3.2T3FIU_BP:KPI_12; Table 1.1/B.2; 1.30 RE; lowest of 8 peers

WMA + OD days

AC

346days

Outside the norm of 60.

norm 60T1FIU_BP:KPI_12; Table 2.6 - CALENDAR years (D3)

Arrears outstanding

AC

48733₹ cr

Outside the norm of 0.

norm 0T1FIU_BP:KPI_12; Table 2.7; G.O.(P)44/2026/FIN

PSE net loss

AC

3576₹ cr

Outside the norm of 0.

norm 0T2FIU_BP:KPI_12; Table 5.A4 / BPE Review 2024-25