The TFC recommended that the combined debt- GDP ratio of the Centre and the States should be brought down to 68 percent by the year 2014-15. Specifically, it targeted a debt-GDP ratio of 45 percent for the Centre and 23 percent for the States by 2014-15, summing up to 68 percent.
Thirteenth Finance Commission has proposed that the combined debt-GDP ratio of the Centre and the States by year 2014-15 should be
Asked in UPPSC Upper Mains 2009 · Topic: Fiscal Policy & Revenue (Public Debt: Sources, types, debt sustainability, and management)
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