Fiscal Deficit Of States In India PDF Download
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Author | : Janak Raj Gupta |
Publisher | : Atlantic Publishers & Dist |
Total Pages | : 220 |
Release | : 2001 |
Genre | : Budget deficits |
ISBN | : 9788126900046 |
Download Fiscal Deficit of States in India Book in PDF, ePub and Kindle
Ever Since The Structural Adjustment Programme Of 1991, The Concern About The Ever Growing Size Of Fiscal Deficit Has Developed. In The Early Eighties It Was Only The Central Government Which Was Suffering From The Malaise Of Deficit Budget, But Since Then The States Have Also Gone Deeper And Deeper Into The Fiscal Crisis So Much So That The Revenue Expenditure Gap Which They Are Experiencing Now Has Become Unsustainable. The Book Provides Both A Theoretical Background And The Empirical Evidence Pertaining To Many States In The Country Insofar As Explicit Explanation Of A Deficit Budget Is Concerned. The Book Illustrates The Various Concepts Of Deficit Which Are Currently In Vogue, Viz., Revenue Deficit, Capital Deficit, Budget Deficit, Fiscal Deficit, Primary Deficit, Net Fiscal Deficit, Net Primary Deficit, Monetized Deficit, Structural Deficit, Etc. Each Concept Has Its Own Merits And Demerits And For The Sound Management Of State Finances, Their Proper Interpretation Is The Pre-Requisite. The Various Articles Published In This Book Have Been Written By Various Economists Working In The Various Universities And Research Institutes In Their Chosen Field Of Research.An Attempt Has Been Made In This Book To Identify Theoretically As Well As Empirically The Factors Which Have Led To The Present Stage Of Impasse In Fiscal Crisis Both At The Centre And At The Level Of Various States. Some Articles In The Book Go Even Beyond That And Try To Provide Useful Solutions Both In The Short-Run And In The Long-Run.
Author | : Suddhasil Siddhanta |
Publisher | : |
Total Pages | : 8 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download Government Finance in Indian States Book in PDF, ePub and Kindle
Perceptive scholars have repeatedly drawn policy makers' attention to the recent marked deterioration in some major deficit indicators of the state government finance of India. During recent years, the increasing trend of fiscal deficits and its relation with revenue deficit have been viewed as alarming. Such pattern is not particular of any State in India. However, the pattern of revenue expenditure and its reflection in real economy has not yet been studied. The present paper, therefore, tries to bridge this gap and seeks to suggest some policy measures both in short term and long term. An institutional social security mechanism is suggested for the gradual betterment of the society keeping in mind the inevitable demographic ageing which the country is bound to experience in near future.
Author | : Y.V. Reddy |
Publisher | : Oxford University Press |
Total Pages | : 304 |
Release | : 2018-12-27 |
Genre | : Political Science |
ISBN | : 0199097046 |
Download Indian Fiscal Federalism Book in PDF, ePub and Kindle
Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.
Author | : Stuti Khemani |
Publisher | : |
Total Pages | : 40 |
Release | : 2002 |
Genre | : Budget deficits |
ISBN | : |
Download Federal Politics and Budget Deficits Book in PDF, ePub and Kindle
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 30 |
Release | : |
Genre | : |
ISBN | : |
Download Federal Policic and Budget Deficits: Evidence from the States of India Book in PDF, ePub and Kindle
Author | : Indian Economic Association. Annual Conference |
Publisher | : |
Total Pages | : 524 |
Release | : 2006 |
Genre | : Political Science |
ISBN | : |
Download State Level Fiscal Reforms in the Indian Economy Book in PDF, ePub and Kindle
Contributed papers presented at one of the technical sessions of the 85th Annual Conference of Indian Economic Association at Trivandrum, India in 2003 on fiscal performance of Indian states.
Author | : Eunice Heredia-Ortiz |
Publisher | : |
Total Pages | : 0 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download India's Intergovernmental Transfer System and the Fiscal Condition of the States Book in PDF, ePub and Kindle
India's fiscal deficit and steep deterioration in state finances is a source of concern. The literature abounds with references to the combined fiscal deficit of the center and the states currently at over 10 per cent of GDP. During no other eight year period has the debt-GDP ratio rose by more than 10 percentage points where the ratio of outstanding debt to GDP increased from 21 per cent in 1996-97 to 35 per cent in 2004-05 (Budget Estimate). In this paper, we contend that the lack of State fiscal discipline is due in large part to a flawed intergovernmental fiscal system that fosters fiscal profligacy at the state level. Specifically, the States are highly dependent on transfers from the Union Government, which breaks the Wicksellian link between costs and benefits. There is a lack of transparency and accountability in the system because of extensive use of inadequate revenue assignments, lack of sufficient decentralization to local bodies, and a poorly designed intergovernmental transfer system. Finally, the States are operating under soft budget constraints which encourage fiscal profligacy. In this paper, we concentrate our discussion on issues related to the intergovernmental fiscal transfer system. We contend that the high transfer dependency of the states has weakened accountability and fiscal discipline. The transfer system is also very complex and lacks transparency and coordination among the institutions in charge of implementing transfers, which together produce a cycle of distorting incentives. If the fiscal behavior of the States reflects the incentives created by the intergovernmental system, as we contend, then, absent structural reform of the intergovernmental fiscal system that addresses the perverse incentives of the current system, the fiscal trends described above are likely to persist. Although the Twelfth Finance Commission (TFC) has addressed some of the issues related to the intergovernmental fiscal system and soft budget constraint, there is still an urgent need to tackle other issues in the intergovernmental fiscal system that create perverse incentives and soften budget constraints. This emphasizes the need for the State and Union Governments of India to strengthen and accelerate the reform of India's intergovernmental system.
Author | : Vishnu Prasad Gupta |
Publisher | : Pointer Publishers |
Total Pages | : 144 |
Release | : 2006 |
Genre | : Finance, Public |
ISBN | : 9788171324675 |
Download State Finances in India Book in PDF, ePub and Kindle
The Finances Of State Governments In India Are Not In Good Shape. There Are Structural Weaknesses In State Finances. The State Governments In India Realising Fiscal Stress Have Initiated Fiscal Reforms During Nineties In The Field Of Taxation, Public Undertakings, Public Debt And Public Expenditure. An Attempt Has Been Made In This Study To Examine The Recent Trends In The Finances Of State Governments In India. It Describes The Resource Mobilisation Effort Of State Governments Individually And In Aggregate. It Makes An Attempt To Examine The Causes Of Fiscal Stress Of State Governments In India And Suggest Measures To Reduce Mounting Revenue And Fiscal Deficit Of State Governments. Inter-State Comparisons Have Been Made In This Study In Order To Examine The Problems Being Faced By States In The Sphere Of Finances And The Recent Measures That Have Been Initiated By States For Correction Of Fiscal Imbalances. Besides, An Attempt Has Been Made To Analyse The Mismatches Between Revenue, Receipts And Revenue Expenditure And Also Analysis In Detail The Debt Burden Of The State And Its Composition. Besides, Inter-State Debt Levels Have Been Studied For Benchmarking The Best Practices Of States So That Other States Including Rajasthan Can Adopt Them In Totality Or In A Modified Way Depending Upon The Suitability Of The Scheme For Debt Sustainability Point Of View. It Also Examines Reforms Undertaken By States In State Enterprises, Debt-Swap Scheme, Fiscal Responsibility Legislation Of States And The Likely Impact Of The Recommendations Of The Twelfth Finance Commission On The Finances Of State Governments In India. The Book Is Useful For Students, Researchers, Public-Economists, Policy Makers And For Those Interested In Knowing The Financial Health Of State Governments In India.
Author | : M. Govinda Rao |
Publisher | : Oxford University Press, USA |
Total Pages | : 308 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 0195698797 |
Download States' Fiscal Management and Regional Equity Book in PDF, ePub and Kindle
The work deals with important aspects of State level fiscal management in India, including state finances, regional development policies and design and implementation of intergovernmental transfers. The attempt is to analyse state finances not merely from the perspective of a coordinated calibration of macroeconomic stabilization policy with the Central government but also to create an enabling environment for balanced regional development.
Author | : A. Prasad |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2007-08 |
Genre | : Business & Economics |
ISBN | : |
Download Indian Subnational Finances Book in PDF, ePub and Kindle
The fiscal performance of the States in India has been an area of concern for quite some time. The Twelfth Finance Commission (TFC) recommended a three-pronged strategy to alleviate States' fiscal distress, built around greater orientation toward market discipline, incentives for fiscal consolidation targets, and commitment to fiscal correction. We find that States have created fiscal space through raising revenues and reducing and reprioritizing expenditures. Looking ahead, expansion of fiscal space is essential to meet the States' large infrastructure and social needs in order to alleviate bottlenecks to growth. This needs to be accomplished without undermining fiscal sustainability.