The paper examines the evolution of state finance pre-GST and post-GST, focusing on 28 Indian states (18 Major and 10 minor). The findings reveal an average annual revenue deficit increase for major and minor states post-GST. Major states experienced a decline in overall Fiscal Deficit (FD)....

This paper examines India’s federal system in the context of prospects for India’s future economic growth and development. After a brief review of India’s recent policy reforms and economic development outcomes, and of the country’s federal institutions, the analysis focuses on the major...

This paper surveys the state of fiscal federalism in India, in the broader context of decentralization. We begin with an overview of the basic features and recent developments in intergovernmental fiscal relations, including the role of political institutions, the specifics of legislative and...

Taking into account the EU enlargement process the problem of establishing the various levels of tax rates of interest in the context of the policy runs the national tax policy states with influence over capital flows. Quantifying corporate tax rates of companies are the most visible attribute...

Overall, this paper presents a white swan that seems to confirm the hypothesis of Alesina / Tabellini / Campante (2008). Fiscal policy in many developing countries is procyclical. Specifically, the former may explain monetary policy failures associated with problems of political agency. And in...

The study focuses on the tax system in its broadest dimension, including not only the set of taxes in force in a specific territory and time, but also the criteria and mechanisms applied for its creation and regulation as well as for its Administration: Who collects and supervises them and how...

Prowadzona w ostatnich latach dyskusja dotycząca wprowadzania nowego systemu redystrybucji poziomej środków finansowych miedzy gminami koncentruje się głównie na poszukiwaniu możliwości lepszego określenia jej kryteriów. Tezą postawioną w artykule jest możliwość zastąpienia...

This paper explores the financial implications of fiscal decentralization policies on the central government's operating budget in Kenya. The paper evaluates how devolved funds under the constituency development fund (CDF) have been utilized to start healthcare capital projects (clinics) at the...

Our hypothesis: during the twentieth century governments used state emergency measures to overcome its economic crisis. Such measures did better on the revenue in fiscal expenditures, thereby caused severe imbalances of public policy. It holds that in Colombia there has been no welfare state...

The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...