Budgetary subsidies and the fiscal deficit case of Maharashtra
Introduction: Srivastava and Sen (1997) have advanced a framework for the study of government subsidies in India. Their approach estimates subsidy as the un-recovered costs in the provision of goods and services by the government (see the next section for various definitions of subsidy). Specifically, for the state of Maharashtra, the subsidy was estimated at Rupees 9607.41 Crores (Annexure 15, pg 151, NIPFP report) for the year 1993-94, while the Gross Fiscal Deficit (GFD) for the same year...[Show more]
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|Source:||Economic and Political Weekly|
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