ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Maharashtra's Finances

The sheer pace of the fiscal correction envisaged in the Maharashtra budget of 2005-06 is unbelievable, to say the least, and raises doubts about its sustainability over a longer period. The first doubt is inevitably the question of the consistency of the estimated levels of revenue and expenditure. Second, going beyond the numbers, are the larger policy issues underlying budget magnitudes. If there were reasons to believe that the policies culminating in the fiscal crisis would be corrected, it would be reasonable to expect some improvement in the deficit numbers.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top