Chakraborty, Pinaki  and Nagpal, Resham   <br/><br/>
General government debt and fiscal rules: Union budget 2025–26 

 - Economic & Political Weekly   
 - 60(16), Apr 19, 2025: p.14-18    
<br/><br/> As countries across the globe revisit their fiscal rules, the union government in India too has made a major revision in the Union Budget 2025–26 in this regard. While this shift brings the necessary flexibility in the fiscal operations of the union government, it remains to be seen if similar flexibility is accorded to the state governments which share a greater responsibility towards the general government’s development spending. – Reproduced<br/><br/>https://www.epw.in/journal/2025/16/budget-2025-26/general-government-debt-and-fiscal-rules.html<br/>