Hidden Bibliographic Details
| Other authors / contributors: | Topalova, Petia, author.
International Monetary Fund. Asia and Pacific Department.
|
|---|
| ISBN: | 1282391852
9781282391857
145198622X
9781451986228
|
|---|
| ISSN: | 2227-8885
|
|---|
| Notes: | Includes bibliographical references (pages 37-40).
Print version record.
|
|---|
| Summary: | This paper examines India's experience with fiscal rules with a view to inform the design of a possible successor fiscal framework to the FRBMA. Among several proposals to strengthen the FRBMA, a framework that focuses medium-term fiscal policy on debt sustainability by the use of a medium term debt target, and annual nominal expenditure growth rules is proposed. This approach tackles the deficit bias at its core and enables countercyclical fiscal policy through automatic stabilizers. Numerical targets should be supported by structural reform measures for both revenues and expenditures, while the coverage of the fiscal rules should be expanded.
|
|---|
| Other form: | Print version: Simone, Alejandro. India's experience with fiscal rules. [Washington, D.C.] : International Monetary Fund, 2009
|
|---|
| Standard no.: | 10.5089/9781451986228.001
|
|---|
