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Is Public Expenditure Management Sufficient for Sustainable Fiscal Discipline?

Vol. 57, Issue No. 48, 26 Nov, 2022
Sushanta Kumar Mahapatra, Purna Chandra Padhan, Pareswar Sahu

In Odisha, the government has made continuous efforts to achieve the objectives of public expenditure management in view of the inherent deficiency of tax capacity to meet the rising public expenditure. Given the necessity of such an expenditure for ensuring the provision of basic facilities for citizens, it needs to be managed well to ensure efficiency, stability and development. Analysing fiscal discipline and strategic prioritisation of public expenditure using secondary data from 1980–81 to 2018–19, and the operational efficiency of public expenditure using primary data about the construction of check dams, it is found that fiscal discipline in Odisha is unsustainable due to lack of strategic prioritisation and operational inefficiency.

Mainstreaming Climate Change Commitments through Finance Commissions

Vol. 56, Issue No. 33, 14 Aug, 2021
Lekha Chakraborty

This analysis suggests that climate change criterion in the intergovernmental fiscal transfer mechanism in India is a significant step to incentivise the conservation of forests. However, the macropolicy channel of this link is through the public expenditure priorities related to climate change commitments by the state governments.

 

Inclusive Fiscal Adjustment for Reviving Growth

Vol. 54, Issue No. 38, 21 Sep, 2019
Sudipto Mundle, Satadru Sikdar

Unrealistic revenue projections leading to strong expenditure compression is primarily responsible for India’s growth deceleration. Growth will decelerate further without a programme of deep fiscal adjustment. How a fiscal space, amounting to over 6% of the gross domestic product, can be freed through such an adjustment programme is demonstrated. This space can be potentially used for an inclusive public expenditure-led strategy for reviving growth.

State-Adjusted Public Expenditure on Social Sector and Poverty Alleviation Programmes

Vol. 37, Issue No. 08, 23 Feb, 2002
Abusaleh Shariff, Prabir Ghosh, S K Mondal

This paper presents trends in public expenditures on social sector and poverty alleviation programmes from 1990-91. A considerable proportion of these expenditures is undertaken by the states but the central share seems to be increasing over time. This paper analyses trends in state expenditure, expenditure by the central government and central and state adjusted combined expenditures. Overall, expenditure on social sector schemes is increasing in real terms but mainly through increased expenditure of the central government. The state governments seem to be easing out of their constitutional commitment to sustain programmes in the social sectors, which is a matter of concern. Secondly, there are large inter-sectoral reallocations of funds in the poverty alleviation sectors. One major development has been that large funds that were allocated to employment generation have now been diverted to the rural road construction programme. This reallocation may have serious implications for employment generation.

Technological Innovation and Economic Development

Vol. 36, Issue No. 34, 25 Aug, 2001
K P Basvarajappa, S Chandrasekhar

This paper examines the trends in R and D expenditure in different areas between 1994-95 and 1999-2000 linking this expenditure with the economic importance of the areas. Based on this assessment some suggestions are made for fostering and supporting technological innovation that can lead to accelerated economic growth. A clear policy imperative is that proper measures must be taken to make Indian firms and industries more competitive in a global context. The analysis indicates that agriculture and mainstream industries are the major current drivers of the Indian economy. These are the areas where technology inputs can make India globally more competitive. Bridging the gaps between needs and technology and creating the right conditions for large-scale diffusion of such technologies is one of the great challenges facing Indian R and D.

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