IDEAS home Printed from https://ideas.repec.org/p/sch/wpaper/127.html
   My bibliography  Save this paper

Reducing Fiscal Deficit: Canadian Experiment and Lessons for India

Author

Listed:
  • K Gayithri

    (Institute for social and Economic Change)

Abstract

The fiscal mess that the Canadian Federal Government got into, following large-scale increase in the fiscal deficits and debt burden resulted in corrective measures since 1984. Introduction of "Spending Control Act" in 1991 and its effective implementation upto 1996 aided in deficit reduction. The process, however, resulted in adverse effects like increased debt burden at the provincial level, caused by cuts in federal transfers during the spending control regime. These developments have large-scale implications on the vertical imbalances in a federation like Canada. Nevertheless the spending control measures and their effective implementation do have good lessons for countries in similar pursuit.

Suggested Citation

  • K Gayithri, 2003. "Reducing Fiscal Deficit: Canadian Experiment and Lessons for India," Working Papers 127, Institute for Social and Economic Change, Bangalore.
  • Handle: RePEc:sch:wpaper:127
    as

    Download full text from publisher

    File URL: http://www.isec.ac.in/Reducing_fiscal_deficit.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Bartone, Carl & Bernstein, Janis & Wright, Frederick, 1990. "Investments in solid waste management : opportunities for environmental improvement," Policy Research Working Paper Series 405, The World Bank.
    2. Evans, Peter, 1996. "Government action, social capital and development: Reviewing the evidence on synergy," World Development, Elsevier, vol. 24(6), pages 1119-1132, June.
    3. Madhushree Sekher, 2000. "Local Organisations and Participatiory CPR Management: Some Reflections," Working Papers 61, Institute for Social and Economic Change, Bangalore.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fiscal Deficit;

    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:sch:wpaper:127. 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: (B B Chand). General contact details of provider: http://edirc.repec.org/data/iseccin.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.

    We have no 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.

    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.