CII Launches New Index to Measure Fiscal Performance of State & Central Budget

CII Launches New Index to Measure Fiscal Performance of State & Central Budget

• The Confederation of Indian Industry (CII) has launched a new index named Fiscal Performance Index (FPI) to assess state and central budgets.
• The new index will use multiple indicators to measure the quality of Budgets at the Central and the State levels rather than a single indicator “fiscal deficit to GDP ratio” used till date.
• The Index will undertake qualitative assessments of revenue expenditure, capital expenditure, revenues, fiscal prudence and the level of public debt to arrive at a more holistic picture of fiscal performance.