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Government Revenues of Orissa: An Analysis

Macroeconomic stability is an indispensable precondition for growth. Like most of the states of India the fiscal situation of Orissa deteriorated in the early 1980s and 1990s. The enactment of the Fiscal Responsibility and Budget Management (FRBM) Act in 2005 helped the Government of Orissa to reduce deficits and generate surplus. However, these surpluses were maintained till 2008-2009. The planners should now identify the avenues of revenue to sustain this surplus over the years.