Reforming borrowing regime for prudent debt management by the states
By: Garg, Subhash Chandra.
Material type:
ArticlePublisher: 2004Description: p.565-574.Subject(s): Debts
In:
Indian Journal of Public AdministrationSummary: Borrowing by different states are being used for funding non-development revenue expenditure. This article highlights the alarming proportions of debt of various states in India. This issue needs to be dealt with comprehensively with strong political will. It calls for a real fiscal tightening and adjustments besides debt control and institutional arrangements for debt authorisation. A series of policy and institutional reforms have been suggested by the author. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 50, Issue no: 3 | Available | AR63518 |
Borrowing by different states are being used for funding non-development revenue expenditure. This article highlights the alarming proportions of debt of various states in India. This issue needs to be dealt with comprehensively with strong political will. It calls for a real fiscal tightening and adjustments besides debt control and institutional arrangements for debt authorisation. A series of policy and institutional reforms have been suggested by the author. - Reproduced.
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