Economics · Fiscal Responsibility and Budget Management
Under the FRBM norms recommended for state finances (such as in Odisha), what are the prescribed prudential limits for Debt-to-GSDP ratio and Interest Payments to Revenue Receipts (IPRR)?
- 1Debt-to-GSDP ratio unlimited and IPRR within 20%
- 2Debt-to-GSDP ratio within 10% and IPRR within 5%
- 3Debt-to-GSDP ratio within 25% and IPRR within 15%✓
- 4Debt-to-GSDP ratio within 50% and IPRR within 30%
Correct answer
Debt-to-GSDP ratio within 25% and IPRR within 15%
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