Fiscal Policy and Public Financial Management
Fiscal Policy and Public Financial Management
Vice-Chairman
Director and Professor
Cite
Abstract
Over time, the scope of Public Finance, as a branch of economics, has expanded with the changing role of governments. From both positive and normative perspectives, this subject is no longer confined to the understanding of public revenue/taxation, public expenditure, and public debt. New areas of research on the subject that have gained critical relevance are issues related to climate finance and climate change, environmental federalism, and discussion on global public good having trans-jurisdictional implications. On public financial management, several new areas have emerged and become relevant for policy. The understanding of fiscal transparency, legislative control over borrowing, and establishing independent fiscal institutions such as ‘fiscal councils’ are important areas of research that have emerged. This book is a collection of essays dealing with evolving frontiers of research on the subject. Specific themes covered in this book are issues related to direct and indirect taxes, tax evasion, public expenditure and debt, fiscal federalism, fiscal transparency, budget management, environmental federalism, climate change and climate finance, and public sector investment appraisals. The array of issues covered in this book provide important analytical insights into the complexity and challenges of fiscal management in India and emerging issues in public financial management, including climate finance.
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Front Matter
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1
Introducing the Volume on Fiscal Policy and Public Financial Management
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I Fiscal Policy and Macroeconomy
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II Tax Policy Issues
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III Fiscal Federalism
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IV Public Financial Management and Environmental and Climate Finance
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13
Public Financial Management in India: Reforms and Opportunities
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14
Economic Valuation of Wetland Ecosystem Services: Current Status and the Way Forward
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15
Climate Risks and Financial Management
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16
Financial Analysis of Publicly Funded Investment Projects
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17
Project Appraisal and Alternative Sources of Funding: Some Perspectives to Improve Viability
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18
Public Financial Management and Budget Credibility: Analysing Subnational Fiscal Marksmanship in India
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13
Public Financial Management in India: Reforms and Opportunities
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End Matter
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