Salvaging act: States curbed spending in FY20 to rein in deficit at budgeted 2.6%

The salvaging of the states' fiscal position was from a serious, trend-reversing slippage of 80 basis points to 3.2% of GDP on year, as reflected in the revised estimates in the Budgets presented in February-March.

from The Financial Express https://ift.tt/2TvjU8i