Current Affairs · Bihar Fiscal Policy
Consider the following statements regarding the fiscal deficit dynamics and credibility of revised estimates in the Bihar Budget: 1. The fiscal deficit target of Rs 32,718 crore for 2025-26 represents a 60% reduction compared to the revised estimates of 2024-25. 2. The revised fiscal deficit estimate for 2024-25 was 9.2% of the Gross State Domestic Product (GSDP), breaching the permissible limit of 3%. 3. In recent years, the actual fiscal deficits recorded by Bihar have generally been higher than their revised estimates. Which of the statements given above is/are correct?
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