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Fiscal consolidation and federalism: Interpreting union budget 2026–27

By: Chakraborty, Lekha.
Material type: materialTypeLabelBookPublisher: Economic & Political Weekly Description: 61(14), Apr 4, 2026: p.50-56. In: Economic & Political WeeklySummary: The Union Budget 2026–27, presented alongside the Sixteenth Finance Commission’s recommendations, represents a critical juncture in India’s fiscal federalism. An examination of the federal implications across key dimensions of Union Budget 2026–27, including the fiscal consolidation paths for the union and the states, tax devolution dynamics, power sector reforms and the calculus of consent in the subtle targeted sectoral announcements, is thus the focus of this article. –Reproduced https://www.epw.in/journal/2026/14/budget-2026-27/fiscal-consolidation-and-federalism.html
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Articles Articles Indian Institute of Public Administration
61(14), Apr 4, 2026: p.50-56 Available AR138732

The Union Budget 2026–27, presented alongside the Sixteenth Finance Commission’s recommendations, represents a critical juncture in India’s fiscal federalism. An examination of the federal implications across key dimensions of Union Budget 2026–27, including the fiscal consolidation paths for the union and the states, tax devolution dynamics, power sector reforms and the calculus of consent in the subtle targeted sectoral announcements, is thus the focus of this article. –Reproduced

https://www.epw.in/journal/2026/14/budget-2026-27/fiscal-consolidation-and-federalism.html

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