IDEAS home Printed from https://ideas.repec.org/a/icf/icfjpf/v06y2008i2p7-20.html
   My bibliography  Save this article

State’s Underfunding of Pension in India

Author

Listed:
  • Debasmita Panigrahi
  • Rohit Gupta
  • Prabina Rajib

Abstract

Every state has to balance its revenue and expenditure in order to meet its assigned budgetary requirements. Pension is also a part of the states’ expenditure, and since there was the concept of defined benefit scheme till the year 2004, the entire liability of pension expenditure was solely the concern of the government. This has given rise to a greater amount of fiscal deficit, and in order to curb this deficit and maintain a balanced budget status, the government underfunds the pension payment made to its employees. Therefore, this paper examines the extent to which long-term debt and balanced budget requirement affect the funding of pension by states. The results indicate that the long-term debt and balanced budget requirement are inversely related to pension funding status, and are consistent with the proposition that state governments meet their debt and balanced budget requirements by cutting short on pension funding.

Suggested Citation

  • Debasmita Panigrahi & Rohit Gupta & Prabina Rajib, 2008. "State’s Underfunding of Pension in India," The IUP Journal of Public Finance, IUP Publications, vol. 0(2), pages 7-20, May.
  • Handle: RePEc:icf:icfjpf:v:06:y:2008:i:2:p:7-20
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:icf:icfjpf:v:06:y:2008:i:2:p:7-20. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: G R K Murty (email available below). General contact details of provider: .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.