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Indian federalism beyond the financial crisis

Jha, Raghbendra


Partly as a result of the Fiscal Responsibility and Management Act (enacted in 2003) the gross fiscal deficits of both central and state governments were in good order prior to the 2008�9 financial crisis. Indeed, both central and state governments were running primary surpluses in 2006�7 and 2007�8. Partly as result of the stimulus enacted to counter the effects of the global financial crisis (GFC) both central and state government have been running primary deficits since 2008�9, as a result...[Show more]

CollectionsANU Research Publications
Date published: 2017
Type: Book chapter
Book Title: The Future of Federalism: Intergovernmental Financial Relations in an Age of Austerity
DOI: /10.4337/9781784717780.00021


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