IDEAS home Printed from https://ideas.repec.org/p/npf/wpaper/21-355.html
   My bibliography  Save this paper

COVID-19 and Public Investment for Children: The case of Indian State of Karnataka

Author

Listed:
  • Jacob, Jannet Farida

    (National Institute of Public Finance and Policy)

  • Chakraborty, Lekha

    (National Institute of Public Finance and Policy)

Abstract

The ex-post analysis of public finance for children (PF4C) for the year 2020-21 for the State of Karnataka reveals that it constitutes 15 per cent of the total public expenditure and 1.68 per cent of GSDP. Of this, 80 per cent is spent on education. The fiscal marksmanship ratio and the PEFA score for PF4C indicate that there are significant deviations between budget allocation and actual spending. Karnataka though is a fiscally prudent State, with all its fiscal parameters well within the stipulated limits of "fiscal rules", resorted to episodic expenditure compression in social sector which in turn impacted PF4C. Given the impact of the COVID-19 pandemic on education, health and income, it is imperative for the State to look beyond the transitory fiscal stimulus packages and strengthen the long-term PFM tool like child budgeting.

Suggested Citation

  • Jacob, Jannet Farida & Chakraborty, Lekha, 2021. "COVID-19 and Public Investment for Children: The case of Indian State of Karnataka," Working Papers 21/355, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:21/355
    Note: Working Paper 355, 2021
    as

    Download full text from publisher

    File URL: https://www.nipfp.org.in/media/medialibrary/2021/10/WP_355_2021.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jena, Pratap Ranjan & Sikdar, Satadru, 2019. "Budget Credibility in India: Assessment through PEFA framework," Working Papers 19/284, National Institute of Public Finance and Policy.
    2. Norman V. Loayza & Steven Pennings, 2020. "Macroeconomic Policy in the Time of COVID-19," World Bank Publications - Reports 33540, The World Bank Group.
    3. Loayza,Norman V. & Pennings,Steven Michael, 2020. "Macroeconomic Policy in the Time of COVID-19 : A Primer for Developing Countries," Research and Policy Briefs 147291, The World Bank.
    4. Santosh Mehrotra & Enrique Delamonica, 2002. "Public spending for children: an empirical note," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(8), pages 1105-1116.
    5. World Bank, 2020. "The COVID-19 Pandemic [Pandémie De Covid-19]," World Bank Publications - Reports 33696, The World Bank Group.
    6. Ministry of Human Resource Development, GOI, 2020. "National Education Policy 2020," Working Papers id:13106, eSocialSciences.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Loayza,Norman V. & Sanghi,Apurva & Shaharuddin,Nurlina Binti & Wuester,Lucie Johanna, 2020. "Recovery from the Pandemic Crisis : Balancing Short-Term and Long-Term Concerns," Research and Policy Briefs 152797, The World Bank.
    2. Jacob, Jannet Farida & Chakraborty, Lekha S, 2021. "Public Finance for Children: The case of Indian State of Karnataka," MPRA Paper 109520, University Library of Munich, Germany, revised Aug 2021.
    3. Polyzos, Stathis & Samitas, Aristeidis & Kampouris, Ilias, 2021. "Economic stimulus through bank regulation: Government responses to the COVID-19 crisis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).
    4. Hausmann, Ricardo & Schetter, Ulrich, 2022. "Horrible trade-offs in a pandemic: Poverty, fiscal space, policy, and welfare," World Development, Elsevier, vol. 153(C).
    5. Yusuph Lameck Mashala & Lazaro Alman Kisumbe & Manumbu Hezron Daudi, 2020. "Preparedness of the Local Community in the Fight Against COVID-19 in Dodoma Urban, Tanzania," Journal of Public Administration and Governance, Macrothink Institute, vol. 10(3), pages 172187-1721, December.
    6. Katarzyna Czech & Michał Wielechowski & Pavel Kotyza & Irena Benešová & Adriana Laputková, 2020. "Shaking Stability: COVID-19 Impact on the Visegrad Group Countries’ Financial Markets," Sustainability, MDPI, vol. 12(15), pages 1-19, August.
    7. Adesoji O. Farayibi & Simplice A. Asongu, 2020. "The Economic Consequences of the Covid-19 Pandemic in Nigeria," Working Papers 20/042, European Xtramile Centre of African Studies (EXCAS).
    8. Garcia, D & Granda, C, 2019. "Informalidad, ciclos económicos y política fiscal: una exploración de los nexos," Documentos de trabajo - Alianza EFI 18984, Alianza EFI.
    9. Sène, Babacar & Mbengue, Mohamed Lamine & Allaya, Mouhamad M., 2021. "Overshooting of sovereign emerging eurobond yields in the context of COVID-19," Finance Research Letters, Elsevier, vol. 38(C).
    10. Albert G. Zeufack & Cesar Calderon & Gerard Kambou & Calvin Z. Djiofack & Megumi Kubota & Vijdan Korman & Catalina Cantu Canales, "undated". "Africa's Pulse, No. 21, Spring 2020 [Africa's Pulse]," World Bank Publications - Reports 33541, The World Bank Group.
    11. Gallego, J & Prem, M & Vargas, J. F, 2020. "Corruption in the times of pandemia," Documentos de Trabajo 18178, Universidad del Rosario.
    12. Didier, Tatiana & Huneeus, Federico & Larrain, Mauricio & Schmukler, Sergio L., 2021. "Financing firms in hibernation during the COVID-19 pandemic," Journal of Financial Stability, Elsevier, vol. 53(C).
    13. Francesco Busato & Bruno Chiarini & Gianluigi Cisco & Maria Ferrara & Elisabetta Marzano, 2020. "Lockdown Policies: A Macrodynamic Perspective for Covid-19," CESifo Working Paper Series 8465, CESifo.
    14. Zheng, Chen & Zhang, Junru, 2021. "The impact of COVID-19 on the efficiency of microfinance institutions," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 407-423.
    15. Zairu Nisha & Sachin Kumar & Saibal K. Pal & Jagvinder Singh & Ompal Singh, 2022. "Insights and reflections using data analytics approach of COVID-19 situation among the Indian states and ethical considerations," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(1), pages 131-142, February.
    16. Jackson, Emerson Abraham, 2020. "Deconstructing Sustainable Livelihood Framework (SLF) for Equitable Living in Crisis of Global Pandemic," MPRA Paper 101977, University Library of Munich, Germany, revised 08 May 2020.
    17. Auliya A. Suwantika & Neily Zakiyah & Ajeng Diantini & Rizky Abdulah & Maarten J. Postma, 2020. "The Role of Administrative and Secondary Data in Estimating the Costs and Effects of School and Workplace Closures due to the COVID-19 Pandemic," Data, MDPI, vol. 5(4), pages 1-11, October.
    18. Fatima Zahra & Akhtar Gul & Anum Iqbal & Tanbila Ghafoor & Ayesha Ambreen, 2020. "The Impact of Covid-19 on Rural Areas Students of Pakistan: Moderating Role of HEC Policy and Internet Service," Asian Journal of Contemporary Education, Asian Economic and Social Society, vol. 4(2), pages 69-79, December.
    19. Ayhan Kuloğlu, 2021. "Covıd-19 Krizinin Petrol Fiyatları Üzerine Etkisi," Journal of Research in Economics, Politics & Finance, Ersan ERSOY, vol. 6(3), pages 710-727.
    20. Mehdi Shiva & Hassan Molana, 2022. "The Luxury of Lockdown," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(1), pages 503-523, February.

    More about this item

    Keywords

    Public Financial Management ; Child Budgeting ; State Expenditure ; Karnataka;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:npf:wpaper:21/355. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc 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 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: S.Siva Chidambaram (email available below). General contact details of provider: http://www.nipfp.org.in .

    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.