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Fiscal Policies and Challenges in South Asia

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  • Raghbendra Jha

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Abstract

This paper presents a brief overview of the extant fiscal situation in South Asian countries. In particular, I emphasize low tax/GDP ratios and inelastic expenditure/GDP ratios which then lead to structurally entrenched fiscal deficits. The paper also reports on the sustainability of fiscal and current account deficits in the South Asian countries. Finally, the paper reports on some important issues in tax reform in South Asian counties. These include explaining and finding an antidote for low tax/GDP ratios and analyzing the scope for a VAT. Some general principles are enunciated but many of the required reforms have to be context specific.

Suggested Citation

  • Raghbendra Jha, 2010. "Fiscal Policies and Challenges in South Asia," ASARC Working Papers 2010-01, The Australian National University, Australia South Asia Research Centre.
  • Handle: RePEc:pas:asarcc:2010-01
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    File URL: https://crawford.anu.edu.au/acde/asarc/pdf/papers/2010/WP2010_01.pdf
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    Cited by:

    1. Syed, Munawar-Shah & Mariani, Abdul-Majid & Syed, Hussain-Shah, 2014. "Assessing Fiscal Sustainability for SAARC and IMT-GT Countries," MPRA Paper 62815, University Library of Munich, Germany, revised 2014.

    More about this item

    Keywords

    South Asia; Fiscal Policy; VAT;

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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