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Deficit Fundamentalism vs Fiscal Federalism: Implications of 13th Finance Commission's Recommendations

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  • Chakraborty, Pinaki

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    (National Institute of Public Finance and Policy)

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    Abstract

    The Thirteenth Finance Commission's recommendation to increase the vertical share of tax devolution to states will help, but its horizontal distribution formula leaves much to be desired. One, its design is such that two of the four key indicators are in conflict with each other. Two, the Commission's revised road map for fiscal consolidation at the centre and the states, which recommends state-specific, year-wise, fiscal adjustment paths, not only limits the fiscal manoeuvrability of states but also impinges on their fiscal autonomy. Three, its design of the grant for elementary education has the potential to reduce the expenditure of states rather than augment it. The need to look at intergovernmental transfers from the right perspective of federalism, where the states and the centre are seen as equal partners in development and not from a narrow technocratic viewpoint, cannot be stressed more.

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    File URL: http://www.nipfp.org.in/newweb/sites/default/files/wp_2011_81.pdf
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    Bibliographic Info

    Paper provided by National Institute of Public Finance and Policy in its series Working Papers with number 11/81.

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    Length: 22
    Date of creation: Jan 2011
    Date of revision:
    Handle: RePEc:npf:wpaper:11/81

    Note: Working Paper 81, 2011
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    Web page: http://www.nipfp.org.in

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