Restructuring public finances
By: Rastogi, Anupam.
Material type:
ArticlePublisher: 2004Description: p.2756-772.Subject(s): Public finance
In:
Economic and Political WeeklySummary: Public finances in India are at a turning point. Analysis of the past data, however, shows no improvement in any of the major fiscal indicators. Restructure of debt, reforms in power sector and implementation of other issues under MTFRP hold promise for future. Lower revenue transfers to states have exacerbated their revenue deficits and capacity to spend on social infrastructure. Performance-based sector-specific transfers could set an example for state finance commissions. In the coming years, as states are expected to raise part of the resources from the capital market, the roles of state plans and the central planning commission need to be re-examined. - Reproduced.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | Volume no: 39, Issue no: 26 | Available | AR61751 |
Public finances in India are at a turning point. Analysis of the past data, however, shows no improvement in any of the major fiscal indicators. Restructure of debt, reforms in power sector and implementation of other issues under MTFRP hold promise for future. Lower revenue transfers to states have exacerbated their revenue deficits and capacity to spend on social infrastructure. Performance-based sector-specific transfers could set an example for state finance commissions. In the coming years, as states are expected to raise part of the resources from the capital market, the roles of state plans and the central planning commission need to be re-examined. - Reproduced.
There are no comments for this item.