Subnational fiscal sustainability analysis what can we learn from Tamil Nadu ?
"In the late 1990s the Indian state of Tamil Nadu experienced an unprecedented fiscal deterioration, which was part of the widespread fiscal deterioration in Indian states. This deterioration was troubling because current expenditure outgrew total revenue, leaving little fiscal space for infras...
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Format: | Elektronisch E-Book |
Sprache: | English |
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[Washington, D.C]
World Bank
2006
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Schriftenreihe: | Policy research working paper
3947 |
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100 | 1 | |a Ianchovichina, Elena |e Verfasser |4 aut | |
245 | 1 | 0 | |a Subnational fiscal sustainability analysis |b what can we learn from Tamil Nadu ? |c Elena Ianchovichina, Lili Liu, Mohan Nagarajan, Research working paper Collection Title:Policy |
264 | 1 | |a [Washington, D.C] |b World Bank |c 2006 | |
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490 | 0 | |a Policy research working paper |v 3947 | |
500 | |a Includes bibliographical references. - Title from PDF file as viewed on 8/28/2006 | ||
500 | |a Erscheinungsjahr in Vorlageform:[2006] | ||
500 | |a Weitere Ausgabe: Ianchovichina, Elena: Subnational fiscal sustainability analysis | ||
520 | 1 | |a "In the late 1990s the Indian state of Tamil Nadu experienced an unprecedented fiscal deterioration, which was part of the widespread fiscal deterioration in Indian states. This deterioration was troubling because current expenditure outgrew total revenue, leaving little fiscal space for infrastructure spending. The paper presents a framework for subnational fiscal sustainability analysis and applies it to Tamil Nadu where subsequent fiscal adjustment has been ambitious and politically challenging, but has promised to put state finance on a sustainable path and create fiscal space for infrastructure investment. The paper emphasizes the differences between fiscal sustainability analysis at the national and subnational levels, attempts to take into account uncertainty, and discusses the key components of the state's fiscal accounts and how they respond to reforms and shocks. Risks to Tamil Nadu's fiscal outlook include interest rate shocks, pressures on the primary balance, and contingent liabilities. Though the state's efforts to remove constraints to economic growth, minimize recurrent expenditures and maximize its revenue potential will be critical for fiscal sustainability, national policies feature prominently in subnational fiscal adjustment. Tamil Nadu's quest for fiscal sustainability is relevant for other countries. Decentralization has given subnational governments in developing countries significant spending and taxation responsibilities, and the capacity to incur debt. The fiscal stress of the Indian states echoed the fiscal crises of subnational governments in several other major emerging economies. "--World Bank web site | |
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any_adam_object | |
author | Ianchovichina, Elena |
author_facet | Ianchovichina, Elena |
author_role | aut |
author_sort | Ianchovichina, Elena |
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collection | ZDB-1-WBA |
ctrlnum | (OCoLC)874234642 (DE-599)GBVNLM005461146 |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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geographic | Indien |
geographic_facet | Indien |
id | DE-604.BV040618552 |
illustrated | Not Illustrated |
indexdate | 2024-11-25T17:37:10Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025446051 |
oclc_num | 874234642 |
open_access_boolean | |
owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-824 DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-824 DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
physical | 1 Online-Ressource |
psigel | ZDB-1-WBA |
publishDate | 2006 |
publishDateSearch | 2006 |
publishDateSort | 2006 |
publisher | World Bank |
record_format | marc |
series2 | Policy research working paper |
spellingShingle | Ianchovichina, Elena Subnational fiscal sustainability analysis what can we learn from Tamil Nadu ? |
title | Subnational fiscal sustainability analysis what can we learn from Tamil Nadu ? |
title_auth | Subnational fiscal sustainability analysis what can we learn from Tamil Nadu ? |
title_exact_search | Subnational fiscal sustainability analysis what can we learn from Tamil Nadu ? |
title_full | Subnational fiscal sustainability analysis what can we learn from Tamil Nadu ? Elena Ianchovichina, Lili Liu, Mohan Nagarajan, Research working paper Collection Title:Policy |
title_fullStr | Subnational fiscal sustainability analysis what can we learn from Tamil Nadu ? Elena Ianchovichina, Lili Liu, Mohan Nagarajan, Research working paper Collection Title:Policy |
title_full_unstemmed | Subnational fiscal sustainability analysis what can we learn from Tamil Nadu ? Elena Ianchovichina, Lili Liu, Mohan Nagarajan, Research working paper Collection Title:Policy |
title_short | Subnational fiscal sustainability analysis |
title_sort | subnational fiscal sustainability analysis what can we learn from tamil nadu |
title_sub | what can we learn from Tamil Nadu ? |
topic_facet | Indien |
url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3947 |
work_keys_str_mv | AT ianchovichinaelena subnationalfiscalsustainabilityanalysiswhatcanwelearnfromtamilnadu AT liulili subnationalfiscalsustainabilityanalysiswhatcanwelearnfromtamilnadu AT worldbank subnationalfiscalsustainabilityanalysiswhatcanwelearnfromtamilnadu |