हालिया बजट के बाद कई राज्य सरकारें आंध्र प्रदेश और बिहार राज्य को दिए जा रहे स्पेशल पैकेज के बारे में शिकायत करते हुए पाई गई। पर इससे बड़ा मुद्दा है केंद्र सरकार और राज्यों के बीच वित्तीय वितरण का।
62% राजस्व केंद्र सरकार द्वारा एकत्र किया जाता है जब कि राज्य सरकारें 62% खर्चे के लिए जिम्मेदार हैं। यह राजकोषीय असंतुलन राज्यों की अपनी जिम्मेदारियों को पूरा करने की क्षमता को सीमित करता है। आज की पुलियाबाज़ी पर इसे मुद्दे पर प्रणय अपने कुछ सुझाव साझा करते हैं।
We often find state governments squibbling about revenue distribution amongst the Indian states, however the core of this issue lies in the vertical devolution of funds. A significant mismatch exists: while 62% of revenue is collected by the union government, the state governments are responsible for 62% of the expenditure. This fiscal imbalance limits the states’ ability to meet its spending responsibilities. To address this, Pranay proposes an algorithmic approach to resolve this complex issue.
Notes from Pranay:
We discuss:
Vertical devolution is the key challenge
Share of Cess and surcharge is increasing
Ideas to reduce the fiscal imbalance
Central schemes
Non-tax revenue
What is the root cause of this imbalance?
Homework
Readings:
Let the Fiscal Federalism Games Begin by Pranay Kotasthane
Fifteenth Finance Commission Reports for 2021-2026
Related Puliyabaazi:
सोलहवे वित्त आयोग के लिए तीन सुझाव। 3 Ideas for the 16th Finance Commission
हमारी शहरी सरकारें इतनी कमजोर क्यों है? The state of India’s Municipal Finances
सोलहवे वित्त आयोग के लिए तीन सुझाव। 3 Ideas for the 16th Finance Commission
The 16th Finance Commission is expected to be set up by November. So, this week on Puliyabaazi we discuss how vertical and horizontal devolution is decided based on the formula set by the Finance Commission, why some redistribution is inevitable, and Pranay’s three ideas to incentivize better fiscal performance in the states.
हमारी शहरी सरकारें इतनी कमजोर क्यों है? The state of India’s Municipal Finances
What is the financial health of India’s local municipal bodies? What are the constraints that are affecting their effectiveness in providing good governance? In this episode of Puliyabaazi we discuss the recent report by RBI on Municipal Finance.
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