Indian Subnational Finances: Recent Performance
The fiscal performance of the States in India has been an area of concern for quite some time. The Twelfth Finance Commission (TFC) recommended a three-pronged strategy to alleviate States'' fiscal distress, built around greater orientation toward market discipline, incentives for fiscal c...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
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Schriftenreihe: | IMF Working Papers
Working Paper No. 07/205 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The fiscal performance of the States in India has been an area of concern for quite some time. The Twelfth Finance Commission (TFC) recommended a three-pronged strategy to alleviate States'' fiscal distress, built around greater orientation toward market discipline, incentives for fiscal consolidation targets, and commitment to fiscal correction. We find that States have created fiscal space through raising revenues and reducing and reprioritizing expenditures. Looking ahead, expansion of fiscal space is essential to meet the States'' large infrastructure and social needs in order to alleviate bottlenecks to growth. This needs to be accomplished without undermining fiscal sustainability |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1451867697 9781451867695 |
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spelling | Prasad, A. Verfasser aut Indian Subnational Finances Recent Performance Prasad, A Washington, D.C International Monetary Fund 2007 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/205 The fiscal performance of the States in India has been an area of concern for quite some time. The Twelfth Finance Commission (TFC) recommended a three-pronged strategy to alleviate States'' fiscal distress, built around greater orientation toward market discipline, incentives for fiscal consolidation targets, and commitment to fiscal correction. We find that States have created fiscal space through raising revenues and reducing and reprioritizing expenditures. Looking ahead, expansion of fiscal space is essential to meet the States'' large infrastructure and social needs in order to alleviate bottlenecks to growth. This needs to be accomplished without undermining fiscal sustainability Online-Ausg Kishore, Adarsh Sonstige oth http://elibrary.imf.org/view/IMF001/08649-9781451867695/08649-9781451867695/08649-9781451867695.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Prasad, A. Indian Subnational Finances Recent Performance |
title | Indian Subnational Finances Recent Performance |
title_auth | Indian Subnational Finances Recent Performance |
title_exact_search | Indian Subnational Finances Recent Performance |
title_exact_search_txtP | Indian Subnational Finances Recent Performance |
title_full | Indian Subnational Finances Recent Performance Prasad, A |
title_fullStr | Indian Subnational Finances Recent Performance Prasad, A |
title_full_unstemmed | Indian Subnational Finances Recent Performance Prasad, A |
title_short | Indian Subnational Finances |
title_sort | indian subnational finances recent performance |
title_sub | Recent Performance |
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