He said that the adverse impact of the mounting debt was on the states surplus which is already
Answers
Answer:
depleting.
Explanation:
debt is already explained as mounting, so they are talking about the surplus.
Answer:
The state is in financial distress as a result of rising subsidies, particularly for food and power, rising spending on populist programmes, and salary revisions for government employees and teachers
Explanation:
The Maharashtra government is dealing with a mixed bag, with a public debt of Rs 3.44 lakh crore and a revenue deficit of Rs 26,000 crore. The Centre will increase devolution, but it will have to mobilise funds to support state-specific programmes. The state is in financial distress as a result of rising subsidies, particularly for food and power, rising spending on populist programmes, and salary revisions for government employees and teachers. Aside from the broader economic slowdown, the decline in the real estate market has impacted revenue growth.