Fiscal Prudence for What? Analysing the State Finances of Karnataka

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

Working Papers from National Institute of Public Finance and Policy

Abstract: Karnataka is the first state in India to have introduced a fiscal rules framework, even before the central government had enacted the Fiscal Responsibility and Budget Management (FRBM) Act, 2003. The Karnataka Fiscal Responsibility Act was enacted in 2002. Karnataka is consistently fiscally-prudent with its revenue deficit-to-GSDP ratio reducing to near-zero and the fiscal deficit-to-GSDP ratio below 3

Pages: 44
Date: 2020-01
New Economics Papers: this item is included in nep-mac
Note: Working Paper 293, 2020
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