CONSOLIDATION OF FISCAL FRONT OF STATES IN INDIA

V. V. S. Rama Krishna

No 2014-03-13, Working papers from Voice of Research

Abstract: In this paper an attempt has been made to compare the receipts of Governments with a view to bring out the divergence in the mobilisation of resources by the States and the Central Government and expenditure incurred on development activities for the years 2010-11, 2011-12 (Revised Estimates) and 2012-13 (Budget Estimates). The fiscal position of states witnessed consolidation in terms of deficit indicators in 2010-11. The year 2011-12 (RE) recorded a marginal improvement in revenue surplus, while fiscal deficit was higher due to an increase in capital outlay. However, state governments are budgeted to further strengthen their fiscal position in 2012-13, which would be primarily contributed by higher surplus in their revenue accounts during the year. During 2012-13 (BE), most states expect to meet the deficit targets. The majority of the states shows an increase in their revenue surplus during 2012-13, thereby indicating that the quality of expenditure is not being compromised to achieve the deficit targets. Key words: Consolidation, Fiscal Front, Deficit Indicators

Date: 2014-03
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