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Fiscal Policy and Public Financial Management

Online ISBN:
9780198930464
Print ISBN:
9780198930433
Publisher:
Oxford University Press
Book

Fiscal Policy and Public Financial Management

Pinaki Chakraborty (ed.),
Pinaki Chakraborty
(ed.)

Vice-Chairman

Institute of Development Studies
, Jaipur,
India
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K R Shanmugam (ed.)
K R Shanmugam
(ed.)

Director and Professor

Madras School of Economics
, Chennai,
India
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Published online:
27 August 2024
Published in print:
30 October 2024
Online ISBN:
9780198930464
Print ISBN:
9780198930433
Publisher:
Oxford University Press

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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