000			01195nam a22001337a 4500
999			_c530229 _d530229
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100			_aChakraborty, Pinaki Nagpal, Resham and Das, Piyali _953976
245			_a Operationalisation of fiscal rules: A state-level analysis
260			_aEconomic & Political Weekly
300			_a60(18), May 3, 2025: p.76-83
520			_aAfter the enactment of fiscal responsibility legislations at the state level, successive finance commissions have provided incentives to states in the form of grants or additional borrowing power to encourage compliance with fiscal rules. An analysis of the debt profile of major states is conducted, and the operationalisation of state-level fiscal rules is examined. The findings indicate that grants-based incentives have been more effective than expanding fiscal space through increased borrowing capacity. Furthermore, states, in aggregate, have adhered to the debt and deficit targets specified in the fiscal rules for most years. – Reproduced https://www.epw.in/journal/2025/18/sixteenth-finance-commission/operationalisation-fiscal-rules.html
773			_aEconomic & Political Weekly
942			_cAR