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General government debt and fiscal rules: Union budget 2025–26

By: Chakraborty, Pinaki and Nagpal, Resham.
Material type: materialTypeLabelBookPublisher: Economic & Political Weekly Description: 60(16), Apr 19, 2025: p.14-18. In: Economic & Political WeeklySummary: As countries across the globe revisit their fiscal rules, the union government in India too has made a major revision in the Union Budget 2025–26 in this regard. While this shift brings the necessary flexibility in the fiscal operations of the union government, it remains to be seen if similar flexibility is accorded to the state governments which share a greater responsibility towards the general government’s development spending. – Reproduced https://www.epw.in/journal/2025/16/budget-2025-26/general-government-debt-and-fiscal-rules.html
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Articles Articles Indian Institute of Public Administration
60(16), Apr 19, 2025: p.14-18 Available AR135962

As countries across the globe revisit their fiscal rules, the union government in India too has made a major revision in the Union Budget 2025–26 in this regard. While this shift brings the necessary flexibility in the fiscal operations of the union government, it remains to be seen if similar flexibility is accorded to the state governments which share a greater responsibility towards the general government’s development spending. – Reproduced

https://www.epw.in/journal/2025/16/budget-2025-26/general-government-debt-and-fiscal-rules.html

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