Advanced Search
MyIDEAS: Login to save this paper or follow this series

India’s Experience with Fiscal Rules


Author Info

  • Alejandro Simone
  • Petia Topalova


This paper examines India''s experience with fiscal rules with a view to inform the design of a possible successor fiscal framework to the FRBMA. Among several proposals to strengthen the FRBMA, a framework that focuses medium-term fiscal policy on debt sustainability by the use of a medium term debt target, and annual nominal expenditure growth rules is proposed. This approach tackles the deficit bias at its core and enables countercyclical fiscal policy through automatic stabilizers. Numerical targets should be supported by structural reform measures for both revenues and expenditures, while the coverage of the fiscal rules should be expanded.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 09/175.

as in new window
Length: 40
Date of creation: 01 Aug 2009
Date of revision:
Handle: RePEc:imf:imfwpa:09/175

Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page:
More information through EDIRC

Order Information:

Related research

Keywords: Fiscal sustainability; Public debt; Debt sustainability; Fiscal management; Fiscal reforms; expenditure; fiscal policy; fiscal rules; expenditure growth; fiscal discipline; fiscal adjustment; expenditures; fiscal deficit; fiscal performance; fiscal responsibility; fiscal consolidation; fiscal rule; fiscal targets; tax revenue; fiscal risks; government deficit; fiscal indicators; fiscal framework; capital expenditure; intergovernmental fiscal; government budget; fiscal relations; intergovernmental fiscal relations; fiscal policies; fiscal stance; central government budget; fiscal impulse; fiscal policy rules; medium-term fiscal framework; budget process; fiscal law; fiscal measures; fiscal transparency; central government fiscal; government fiscal deficit; fiscal institutions; fiscal balances; tax administration; fiscal council; fiscal stimulus; fiscal responsibility laws; fiscal expenditures; fiscal balance; capital expenditures; fiscal conditions; fiscal accounts; budget constraint; public expenditures; fiscal operations; budget management; expenditure cuts; public spending; fiscal outcomes; fiscal policy framework; government budget constraint; state budgets; tax performance; fiscal federalism; expenditure reform; interest expenditure; fiscal improvement; fiscal outturns; fiscal deficits; total expenditure; intergovernmental fiscal reforms; government revenue; tax system; public financial management; fiscal profligacy; fiscal space; medium-term fiscal frameworks; fiscal developments; fiscal incentives; fiscal distress; fiscal activities; fiscal system; expenditure target; budgetary rules; expenditure assignments; expenditure ceiling; fiscal imbalances; tax base; fiscal correction; fiscal position; fiscal imbalance; fiscal effort; intergovernmental transfers; expenditure ceilings; medium-term fiscal strategy; expenditure control; fiscal prudence; budget deficits; fiscal frameworks; fiscal plans; fiscal strategy; fiscal savings; fiscal aggregate; state budget; fiscal adjustments; fiscal behavior; fiscal capacity; revenue collection; expenditure projections; expenditure responsibilities; prudent fiscal policy; fiscal positions; budget constraints; fiscal flexibility; fiscal plan; tax collection; fiscal information; budget subsidy; fiscal variables; expenditure components; assignment of expenditure responsibilities; budget activities; tax rates; cyclical fiscal policy; primary deficit; fiscal agencies; fiscal responsibility framework; fiscal consolidations; fiscal efforts; government spending; aggregate fiscal; expenditure management; medium-term fiscal plan;

This paper has been announced in the following NEP Reports:


No references listed on IDEAS
You can help add them by filling out this form.



This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:09/175. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.