Analysing The Fiscal Performance Of Uttar Pradesh: A Multidimensional Approach

Registration ID: IJNRD_181771

Published ID: IJNRD2206049

DOI: Click Here to Get

Prof. R.K. Maheshwari , Swapnil Sharma

Fiscal Imbalance, Macroeconomic Stability, Fiscal deficit, Revenue Deficit, Public Debt, Composite Fiscal Performance Index.

State governments are required to accomplish various functions assigned to them by the Central government, and to meet these developmental expenditures, they heavily depend on borrowings. If these borrowings are not kept within a manageable limit, it may lead to macroeconomic issues. In the nineties, many States were facing an increase in their stock of debt and a massive fiscal deficit. Uttar Pradesh is experiencing fiscal difficulties since 1990s, when the gross fiscal deficit increased from 1.58 percent of GSDP in 1994-95 to 4.32 percent of GSDP in 2019-20 and revenue deficit, the most problematic of all increased from 0.66 percent of GSDP in 1994-95 to 2 percent of GSDP in 2003-04. Increase in Debt-GSDP ratio is alarming for the state from the perspective of fiscal policy. This paper aims to develop a usable framework to evaluate the fiscal performance of the state and to do so, this paper adopts a multidimensional approach and constructed a composite index by using Principal Component Analysis. The study aims to analyze the fiscal performance of the state after the implementation of FRBM Act. The study utilizes data from the period 1990-91 to 2019-20 to analyse the problem of fiscal imbalance reflected in fiscal parameters like fiscal deficit, revenue deficit, primary deficit and public debt etc.

Published Paper   E-Certificate

Prof. R.K. Maheshwari & Swapnil Sharma (June-2022). Analysing The Fiscal Performance Of Uttar Pradesh: A Multidimensional Approach. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(6), 436-447. https://ijnrd.org/papers/IJNRD2206049.pdf

Volume 7 Issue 6, June-2022

Pages : 436-447

Paper Reg. ID: IJNRD_181771

Published Paper Id: IJNRD2206049

Downloads: 000122026

Research Area: Commerce

Country: Lucknow, Uttar Pradesh, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2206049.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2206049

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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