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The budgetary data for 2011-12 indicates the commitment of States to carry forward fiscal correction, as evident from the emergence of revenue surplus after a gap of two years and consequent reduction in fiscal deficit-GDP ratio. Notwithstanding the improvement in the revenue account, the...
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Most decisions about the level of local public school spending are made by local school districts. Their choices are conditioned by local resources and the availability of external funds, mostly from state governments. A major purpose of this substantial state aid is to further the goal of equal...
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