Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Studies in Indian Public Finance presents a comprehensive analysis of public spending and its financing in India. The book underlines the need to contain deficits and debt.

E-books

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper provides an overview of the fiscal problems faced by five urban agglomerations in India, namely, Delhi, Hyderabad, Kolkata, Chennai, and Pune. It analyzes the fiscal health of the five urban agglomerations, quantifies their revenue capacities and expenditure needs, and draws policy recommendations on the means to reduce the gaps between revenue raising capacities and expenditure needs. The main findings suggest that, except for five small urban local bodies in Hyderabad, the others are not in a position to cover their expenditure needs by their present revenue collections. All the urban agglomerations have unutilized potential for revenue generation; however, with the exception of Hyderabad, they would fail to cover their expenditure needs even if they realized their revenue potential. Except in Chennai, larger corporations are more constrained than smaller urban local bodies. The paper recommends better utilization of "own revenue" through improved administration of property taxes, implementation of other taxes, and collection of user charges. It recommends that state governments should explore the option of allowing local bodies to piggyback a small proportion on their value-added tax collections. Another way to reduce the fiscal gap would be to earmark a portion of the sales proceeds from land and housing by state governments sold through their development agencies for improvements in urban infrastructure. The paper also recommends that the State Finance Commissions should develop appropriate norms for estimating expenditure needs, based on which transfers from the state to local governments can be decided.

Cities --- Debt Markets --- Expenditure --- Expenditure decisions --- Expenditure needs --- Finance and Financial Sector Development --- Fiscal decentralization --- Fiscal management --- Local governments --- Macroeconomics and Economic Growth --- Policy recommendations --- Public disclosure --- Public finance --- Public Sector Development --- Public Sector Economics and Finance --- Revenue capacity --- Revenue collections --- Revenue raising capacities --- Revenue sources --- State governments --- Structural reforms --- Subnational Economic Development --- Tax --- Tax base --- Tax bases --- Tax collections