Understand and Evaluate the Recommendations made by the Fifteenth Finance Commission

• Start date फ़रवरी., 2021
• Completion date जून, 2021
• Sponsor The World Bank
• Project leader Pinaki Chakraborty
• Other faculty Manish Gupta, Amandeep Kaur
• Focus

  Finance Commission transfers constitute more than two-thirds of the total transfers to states. There is a need to understand the implications of the recommendations of the Fifteenth Finance Commission in terms of progressivity, fiscal stability and fiscal space at the sub-national level. Fiscal stability between the Centre and the States, sectoral grants focused on outcome, and strengthening finances and service delivery at the local level are some of the key highlights of the Fifteenth Finance Commission’s recommendations. The paper discusses the implications of the recommendations of the Commission on the fiscal space of both the Central and state governments. It also examines the issue of horizontal equalisation addressed by the Finance Commission and will review the public finance management and fiscal transparency issues at the state and Central level recommended by the Fifteenth Finance Commission.