Thread by @BloombergQuint

A sharp slowdown in the economy, along with lower transfers from the central government have left India’s states facing challenges.

BloombergQuint, through conversations with state finance ministers, details how states are dealing with the current situation. (1/4) @dugalira

Managing State Finances | Maharashtra is India’s richest state. This year, though, the state fears that its fiscal deficit will breach 3%.

As revenue spending piles up, the state acknowledges that capital expenditure is compromised. (2/4) @dugalira
bit.ly/37xh3Ri

Managing State Finances | Kerala finances are already stretched. The slowdown has meant that revenue growth has fallen to 10%.

What is the state doing? It is using off-budget spending to support the economy amid “recessionary” conditions. (3/4) @dugalira bit.ly/2tH5FUm

Managing State Finances | Punjab is India’s most indebted state. The current slowdown has meant not just spending cuts but even staggered salary payments.

Will the crisis prompt a relook at large subsidies? (4/4) @dugalira
bit.ly/2R0IA83