The fiscal situation and a reform agenda for the new government
By: Rao, M. Govinda.
Material type:
ArticlePublisher: 2009Description: p.77-85.Subject(s): Public finance - India | Public finance
In:
Economic and Political WeeklySummary: The fiscal situation of the central government is worrisome. the problem is largely structural and not cyclical. Indeed, the slowdown of the economy has only partly contributed to the deterioration in 2008-09. The new government at the centre is faced with the formidable challenge of containing the worrisome fiscal deficit, while continuing to provide a stimulus necessary to revive the economy. It also has to institute a restructuring programme towards achieving fiscal consolidation in the medium term. Such a programme should draw lessons from the past and design a plan for the centre as well as the states. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 44, Issue no: 25 | Available | AR83327 |
The fiscal situation of the central government is worrisome. the problem is largely structural and not cyclical. Indeed, the slowdown of the economy has only partly contributed to the deterioration in 2008-09. The new government at the centre is faced with the formidable challenge of containing the worrisome fiscal deficit, while continuing to provide a stimulus necessary to revive the economy. It also has to institute a restructuring programme towards achieving fiscal consolidation in the medium term. Such a programme should draw lessons from the past and design a plan for the centre as well as the states. - Reproduced.
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