IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/28836.html
   My bibliography  Save this paper

Fiscal regulation and expenditure pattern in Maharashtra state

Author

Listed:
  • Rode, Sanjay

Abstract

The Fiscal Responsibility and Budgetary Management Act of 2004 has improved state finances of Maharashtra, India. It has also reduced fiscal deficit for state. The sources of income from various state own tax revenue have increased except other taxes on income and expenditure. There is further scope for improving sources of state own tax revenue. After the FRBM Act, the development expenditure on irrigation and flood control, industry and mining has declined in the state. It is statistically significant and negatively co-related. The development expenditure on education sports, arts & culture, science, technology & environment, and transport & communication has significantly increased. In order to control the fiscal deficit, state government should apply strict methods to reduce the non development expenditure. It should increase development expenditure which has long term effect on overall economic development.

Suggested Citation

  • Rode, Sanjay, 2010. "Fiscal regulation and expenditure pattern in Maharashtra state," MPRA Paper 28836, University Library of Munich, Germany, revised 31 Dec 2010.
  • Handle: RePEc:pra:mprapa:28836
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/28836/1/MPRA_paper_28836.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Ricardo Hausmann & Catriona Purfield, 2004. "The Challenge of Fiscal Adjustment in a Democracy; The Case of India," IMF Working Papers 04/168, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fiscal deficit; Development expenditure; Fiscal responsibility; budgetary management;

    JEL classification:

    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • H0 - Public Economics - - General

    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:pra:mprapa:28836. 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: (Joachim Winter) or (Rebekah McClure). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.