- AcademyTaxes
- 2016/10/09
The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out deficits in the budget revenue account. This paper examines whether the application of fiscal rules has contributed to an increase in fiscal space for public capital investment spending in major Indian states. Our analysis shows that, controlling for other factors, there is a negative relationship between fiscal rules and public capital investment spending at the state level under the rule-based fiscal regime.
Latest
All categories
-
Academy 123
-
Actuality 189
-
Ad Concordiam 6
-
Álava 88
-
Articles 19
-
Biscay 97
-
Breaking news 166
-
Combating fraud 25
-
Economic Agreement 56
-
Europe 96
-
Guipuzcoa 84
-
Image gallery 3
-
International 64
-
Ituna Newsletter - EN 90
-
Judicial 9
-
Navarre 20
-
New publications 91
-
Outreach 102
-
Parliaments 7
-
People 9
-
Quota 38
-
Sundry 9
-
Taxes 244
-
XIX Century 3
-
XX Century 21
-
XXI Century 239