FINANCES OF KERALA: THE QUESTION OF SUSTAINABILITY

A C K Nambiar

The IUP Journal of Public Finance, 2006, vol. IV, issue 3, 60-68

Abstract: The economic reforms were introduced in India since 1991 and in course of time, state governments have also initiated economic reforms. The central objectives of state level reforms comprise fiscal consolidation consistent with macro-economic stability, development with a human face, reduction of fiscal deficits, and disinvestment of loss-making public enterprises. To achieve these objectives execution of fiscal reforms is a must. In the light of these objectives, many states have initiated fiscal reforms resulting in changes in the expenditure patterns, rationalization of tax rates, and disposal of loss-making public enterprises. In this connection, this paper attempt to analyze the scope of fiscal crisis and the very question of sustainability of the finances of the Kerala state. The paper focuses the finances of the state during first decade of post-reform period, i.e., 1991 to 2001 based on data published by Reserve Bank of India.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjpf:v:04:y:2006:i:3:p:60-68

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