Public Finances and Development: The Case of Punjab

Tapas Sen ()

Chapter Chapter 18 in Economic Transformation of a Developing Economy, 2016, pp 393-409 from Springer

Abstract: Abstract Punjab presents an odd combination of a relatively high-income state with a state level public finance that has been under stress for a long time. This paper looks at the trends in broad fiscal aggregates and a limited amount of disaggregated information to establish the pattern and locate the causes of the persistent stress. It examines fiscal balances, both the receipts and the expenditures side, the link between fiscal balances and indebtedness on the one hand, and between the stock of debt and revenue expenditures through the interest liabilities on the other. To establish a context, it also assesses the fiscal performance of Punjab in relation to other major states of India. It concludes with policy imperatives that have implications for not only the fiscal balances of the state, but also for the development of the real economy of Punjab that has begun to show signs of a slowdown.

Keywords: Public finances; Economic development; Punjab economy; Revenue expenditure; Indebtedness (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-10-0197-0_18

Ordering information: This item can be ordered from
http://www.springer.com/9789811001970

DOI: 10.1007/978-981-10-0197-0_18

Access Statistics for this chapter

More chapters in India Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().