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NEW DELHI – In order to achieve its medium-term fiscal consolidation aim of below 4.5% of GDP by 2025-26 (Apr-Mar), the government needs to increase the tax buoyancy since compression of expenditure would hurt economic growth, says Lekha S. Chakraborty, a professor at the National Institute of Public Finance …
(Co-authored with Pramod Sinha and Rachna Sharma)
Background
In recent months, there has been a growing concern around elevated services inflation. In the US, while the falling goods inflation has helped pull down the overall inflation, the pace of price increases among …
Why we need to debate the Old Pension Scheme
05/04/2023
(Co-authored with Balamuraly B and Lekha Chakraborty)
OPS raises concerns about fiscal sustainability and intergenerational inequities.
In the post-pandemic fiscal strategy of State finances, the fiscal risks emanating from revenue uncertainties, high percentage of committed spending and increasing subsidy burden have a …
Will FM's Budget 2023 enable 'Nari Shakti'?
10/03/2023
(Co-authored with Balamuraly B.)
The FM has rolled out a slew of gender-friendly announcements, but a conscious increase in the public expenditure on soft sectors like health, education and gender will give social infrastructure investment a boost.
In Union Budget 2023, gender …
(Co-authored with Divy Rangan and Balamuraly B.)
Despite the global economic headwinds and geopolitical uncertainties, the fiscal arithmetic looks conservative.
The predominant focus of the Union Budget 2023 was to adhere to the path of fiscal consolidation. Despite the global economic headwinds …