: The Total Outstanding Liabilities (TOL) to Gross State Domestic Product (GSDP) ratio of Karnataka will remain within the Karnataka Fiscal Responsibility Act (KFRA) ceiling limit of 25 per cent in FY16-17, Mid-year review of state finances has said.
The TOL of Karnataka in absolute numbers is expected to increase from Rs 1,83,320 crore in FY 15-16 to Rs 2,08,557 crore in FY 16-17, it said.
Noting that the GSDP of the state is projected to increase from Rs 7,35,975 crore to Rs 11,17,334 crore in the same period (as estimated by Finance Ministry), it said "thus TOL to GSDP ratio will remain within 25 per cent."
TOL to GSDP as at the end of the financial year 2015-16 was 24.91 per cent.
The mid-year review of the state finances 2016-17 was tabled in the Legislative Assembly today by Chief Minister Siddaramaiah, who also holds the Finance portfolio.
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