Assessing the Fiscal Capacity of Indian Governments
AbstractIn this paper we assess the record of different post reform governments in meeting their targets and improving both delivery and finances. A variety of indices are constructed, and consistency checks devised to measure relative performance. No government has achieved its targets, but the congress has the best record in keeping its promises, and the NDA was most effective in reducing deficits. In the last year of the UPA the deadline effect helped meet expenditure targets, but at the cost of large deficits. The negative effect of the growth dividend on government debt and deficits is established, but the failure of government finances to improve commensurate with this, suggests further improvement in expenditure management is required. Four principles on which to base these improvements are identified.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Macroeconomics Working Papers with number 22931.
Date of creation: Jan 2009
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Expenditure; Deficits; Governments; Delivery;
Other versions of this item:
- Goyal, Ashima, . "Assessing the fiscal capacity of Indian governments," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2009-005, Indira Gandhi Institute of Development Research, Mumbai, India.
- Ashima Goyal, 2010. "Assessing the Fiscal Capacity of Indian Governments," Working Papers id:2384, eSocialSciences.
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
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