Operationalisation of fiscal rules: A state-level analysis
By: Chakraborty, Pinaki Nagpal, Resham and Das, Piyali
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Material type: 
BookPublisher: Economic & Political Weekly Description: 60(18), May 3, 2025: p.76-83.
In:
Economic & Political WeeklySummary: After the enactment of fiscal responsibility legislations at the state level, successive finance commissions have provided incentives to states in the form of grants or additional borrowing power to encourage compliance with fiscal rules. An analysis of the debt profile of major states is conducted, and the operationalisation of state-level fiscal rules is examined. The findings indicate that grants-based incentives have been more effective than expanding fiscal space through increased borrowing capacity. Furthermore, states, in aggregate, have adhered to the debt and deficit targets specified in the fiscal rules for most years. – Reproduced
https://www.epw.in/journal/2025/18/sixteenth-finance-commission/operationalisation-fiscal-rules.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 60(18), May 3, 2025: p.76-83 | Available | AR136045 |
After the enactment of fiscal responsibility legislations at the state level, successive finance commissions have provided incentives to states in the form of grants or additional borrowing power to encourage compliance with fiscal rules. An analysis of the debt profile of major states is conducted, and the operationalisation of state-level fiscal rules is examined. The findings indicate that grants-based incentives have been more effective than expanding fiscal space through increased borrowing capacity. Furthermore, states, in aggregate, have adhered to the debt and deficit targets specified in the fiscal rules for most years. – Reproduced
https://www.epw.in/journal/2025/18/sixteenth-finance-commission/operationalisation-fiscal-rules.html
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