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Fiscal regulation and expenditure pattern in Maharashtra state

Author

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  • Rode, Sanjay

Abstract

The Fiscal Responsibility and Budgetary Management Act of 2004 has improved state finances of Maharashtra, India. It has also reduced fiscal deficit for state. The sources of income from various state own tax revenue have increased except other taxes on income and expenditure. There is further scope for improving sources of state own tax revenue. After the FRBM Act, the development expenditure on irrigation and flood control, industry and mining has declined in the state. It is statistically significant and negatively co-related. The development expenditure on education sports, arts & culture, science, technology & environment, and transport & communication has significantly increased. In order to control the fiscal deficit, state government should apply strict methods to reduce the non development expenditure. It should increase development expenditure which has long term effect on overall economic development.

Suggested Citation

  • Rode, Sanjay, 2010. "Fiscal regulation and expenditure pattern in Maharashtra state," MPRA Paper 28836, University Library of Munich, Germany, revised 31 Dec 2010.
    • Handle: RePEc:pra:mprapa:28836
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    File URL: https://mpra.ub.uni-muenchen.de/28836/1/MPRA_paper_28836.pdf
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    References listed on IDEAS

    as
    1. Mr. Ricardo Hausmann & Miss Catriona Purfield, 2004. "The Challenge of Fiscal Adjustment in a Democracy: The Case of India," IMF Working Papers 2004/168, International Monetary Fund.
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    More about this item

    Keywords

    Fiscal deficit; Development expenditure; Fiscal responsibility; budgetary management;
    All these keywords.

    JEL classification:

    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • H0 - Public Economics - - General

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