Pratap Ranjan Jena

Assessing the credibility of sub-national budgets in India

The Covid-19 crisis has put immense pressure on the finances of Indian states. Fiscal consolidation in the post-pandemic period will depend on growth revival, increased fund flows, and efficient budget management processes. In this context, Jena and Singh assess the credibility of sub-national budgets during the period 2012-2019, in terms of planned and actual revenues and expenditures – both at the aggregate and individual state levels.