COVID-19 and Public Investment for Children: The case of Indian State of Karnataka

Jannet Farida Jacob () and Lekha Chakraborty ()
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Jannet Farida Jacob: National Institute of Public Finance and Policy
Lekha Chakraborty: National Institute of Public Finance and Policy

Working Papers from National Institute of Public Finance and Policy

Abstract: The ex-post analysis of public finance for children (PF4C) for the year 2020-21 for the State of Karnataka reveals that it constitutes 15 per cent of the total public expenditure and 1.68 per cent of GSDP. Of this, 80 per cent is spent on education. The fiscal marksmanship ratio and the PEFA score for PF4C indicate that there are significant deviations between budget allocation and actual spending. Karnataka though is a fiscally prudent State, with all its fiscal parameters well within the stipulated limits of "fiscal rules", resorted to episodic expenditure compression in social sector which in turn impacted PF4C. Given the impact of the COVID-19 pandemic on education, health and income, it is imperative for the State to look beyond the transitory fiscal stimulus packages and strengthen the long-term PFM tool like child budgeting.

Keywords: Public Financial Management; Child Budgeting; State Expenditure; Karnataka (search for similar items in EconPapers)
JEL-codes: E62 H30 H75 (search for similar items in EconPapers)
Pages: 40
Date: 2021-10
New Economics Papers: this item is included in nep-mac
Note: Working Paper 355, 2021
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Citations: View citations in EconPapers (1)

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