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COVID-19 and Public Investment for Children: The case of Indian State of Karnataka

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  • Jacob, Jannet Farida

    (National Institute of Public Finance and Policy)

  • Chakraborty, Lekha

    (National Institute of Public Finance and Policy)

Abstract

The ex-post analysis of public finance for children (PF4C) for the year 2020-21 for the State of Karnataka reveals that it constitutes 15 per cent of the total public expenditure and 1.68 per cent of GSDP. Of this, 80 per cent is spent on education. The fiscal marksmanship ratio and the PEFA score for PF4C indicate that there are significant deviations between budget allocation and actual spending. Karnataka though is a fiscally prudent State, with all its fiscal parameters well within the stipulated limits of "fiscal rules", resorted to episodic expenditure compression in social sector which in turn impacted PF4C. Given the impact of the COVID-19 pandemic on education, health and income, it is imperative for the State to look beyond the transitory fiscal stimulus packages and strengthen the long-term PFM tool like child budgeting.

Suggested Citation

  • Jacob, Jannet Farida & Chakraborty, Lekha, 2021. "COVID-19 and Public Investment for Children: The case of Indian State of Karnataka," Working Papers 21/355, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:21/355
    Note: Working Paper 355, 2021
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    File URL: https://www.nipfp.org.in/media/medialibrary/2021/10/WP_355_2021.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2020. "The COVID-19 Pandemic [Pandémie De Covid-19]," World Bank Publications - Reports 33696, The World Bank Group.
    2. Ministry of Human Resource Development, GOI, 2020. "National Education Policy 2020," Working Papers id:13106, eSocialSciences.
    3. Norman V. Loayza & Steven Pennings, 2020. "Macroeconomic Policy in the Time of COVID-19," World Bank Publications - Reports 33540, The World Bank Group.
    4. Jena, Pratap Ranjan & Sikdar, Satadru, 2019. "Budget Credibility in India: Assessment through PEFA framework," Working Papers 19/284, National Institute of Public Finance and Policy.
    5. Loayza,Norman V. & Pennings,Steven Michael, 2020. "Macroeconomic Policy in the Time of COVID-19 : A Primer for Developing Countries," Research and Policy Briefs 147291, The World Bank.
    6. Santosh Mehrotra & Enrique Delamonica, 2002. "Public spending for children: an empirical note," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(8), pages 1105-1116.
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    Cited by:

    1. Narayana Muttur Ranganathan, 2024. "Fiscal Marksmanship of Child Budget and its Implications for Child Development: Evidence from India," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 17(4), pages 1587-1614, August.

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    More about this item

    Keywords

    Public Financial Management ; Child Budgeting ; State Expenditure ; Karnataka;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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