| 000 -LEADER |
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| fixed length control field |
01641pab a2200205 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
180718b2008 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Ravishankar, V.J. |
| 245 ## - TITLE STATEMENT |
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| Title |
Indian state's fiscal correction: an unfinished agenda |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
|---|
| Date of publication, distribution, etc. |
2008 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
p.57-62. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
|---|
| Dates of publication and/or sequential designation |
20 Sep |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
More than half of the 14 major states achieved significant fiscal correction during 2000-06, with Karnataka, Tamil Nadu, Orissa and Haryana in the lead. However, some high and middle income states lag behind, continuing to accumulate unsustainably high levels of debt and guarantees. the majority of states have relied more on enhancing their own revenues than on contracting expenditures, which is welcome in the context of the squeeze on infrastructure and social service expenditures that states had experienced over the 1990s. Those that have committed to fiscal responsibility and have achieved significant correction now face the challenge of translating outlays to outcomes. Those that lag behind must first address the challenge of fiscal discipline, learning from the success of others. It would be advisable to target the end-of-year stock of outstanding debt and guarantees, in addition to current account balance ("golden rule"). Monitoring of end-of-year stock rather than annual flows would enhance year-to-year flexibility in states' fiscal management, while remaining within an agreed correction path. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Public finance - India |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Public finance |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Kaul, Neha |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Zahir, Farah |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Economic and Political Weekly |
| 908 ## - PUT COMMAND PARAMETER (RLIN) |
|---|
| Put command parameter |
N |
| 909 ## - |
|---|
| -- |
79589 |
