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

Articles By Budget

Decoding the Three Pandemic Budgets

Despite substantial socio-economic disparities in health, education, and nutrition outcomes, the government is pitching human development expenditure against capital expenditure. In a welfare state, social sector should be the centre of policy prescriptions. Instead of an imperfect assumption of trickle-down, the the government needs to realise that growth and development must go hand in hand.

Affordable Urban Housing and Budget 2022–23

Disparate factors, including non-affordability, inconveniently located units lacking access to basic urban services, limited access to suitable land, lukewarm private sector participation, and the lack of local capacity and technical expertise have seriously undermined the potentials of government housing schemes. The Union Budget 2022 gives a boost to affordable urban housing in terms of allocation against the backdrop of Pradhan Mantri Awas Yojana (Urban) housing for all by 2022 and entails key structural reforms to address some of the deep-rooted problems in the housing sector.

India’s Government Health Expenditure as the Ratio to GDP

The appropriateness of the criterion that pegs the ratio of public health expenditure to the gross domestic product—which is volatile—needs a re-examination. The targets for allocation and expenditure of financial resources for health need to be based on indicators that can be monitored.

 

Experiences with Government-sponsored Health Insurance Schemes in Indian States

The implications of expanding government-sponsored health insurance schemes in India are analysed from a fiscal perspective. The experiences of two of the earliest and largest GSHI schemes of the country implemented in Andhra Pradesh and Tamil Nadu are examined. The results suggest that the expansion of the GSHI schemes may skew expenditure away from primary and secondary care towards tertiary care if the fiscal space is limited. A competitive public health system may help in containing costs and the corresponding fiscal burden. The effectiveness of public spending through such schemes is ambiguous.

 

Utilisation of Government Borrowings in Major Indian States

Fiscal sustainability is a key element for subnational governments in India as fiscal policy is the only instrument that can be used to correct economic malady. As far as state government finances are concerned, subnational financial stability can be understood as the capacity to generate adequate resources to afford their expenses on a sustained basis. An analysis of subnational fiscal sustainability, through a study of utilisation patterns of total debt receipts of state governments, is undertaken for 17 major Indian states during 1980–81 to 2014–15. The results indicate wide fluctuations among the states. While Kerala, Punjab, and West Bengal have shown poor and unproductive utilisation of debt receipts, Punjab has witnessed maximum instability.