Fiscal Transfers, Public Expenditure Inequality and Regional Development

Pinaki Chakraborty ()
Additional contact information
Pinaki Chakraborty: National Institute of Public Finance and Policy

A chapter in India's Public Finance and Policy Challenges in the 2020s, 2025, pp 231-242 from Springer

Abstract: Abstract Addressing inequality in fiscal capacity across states through revenue expenditure equalization will remain sub-optimal unless there is symmetric access to capital investment for balanced regional development. Though the abolition of Planning Commission and the elimination of plan and non-pan distinction in government expenditure were aimed at improving India’s public financial management system, it is time now to examine whether the new institutional mechanism post the abolition of the Planning Commission has helped in achieving this objective. When it comes to balanced regional development, an in-depth analysis of regional investment by the Union and States after the abolition of the Planning Commission is necessary. Any policy for the future growth also needs to address the climate sensitivity of investment to address inequality in development fuelled by climate change. A new institutional mechanism for greater flow of capital resources to the poorer regions is essential to deal with the challenges of regional development disparity across States.

Keywords: Fiscal transfers; Inequality; Regional development; Fiscal capacity; Indian States; Expenditure equalization (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

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:978-981-96-2860-5_13

Ordering information: This item can be ordered from
http://www.springer.com/9789819628605

DOI: 10.1007/978-981-96-2860-5_13

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 ().