State urged to improve revenue buoyancy and quality of expenditure
Experts at a colloquium in Kerala have urged the state government to improve revenue buoyancy and the quality of public expenditure to address fiscal structural stress. Recommendations include better recovery of tax arrears, rationalizing spending, and reforming loss-making public sector enterprises.
Why it matters
The analysis highlights the long-term sustainability challenges facing Kerala's fiscal model, which is critical for the state's economic stability.
Speakers at a colloquium organised by the Comptroller and Auditor General of India and the Indian Council of Social Science Research (ICSSR) here on Monday underscored the need for Kerala to improve its revenue buoyancy and quality of expenditure for streamlining its fiscal structure. They also urged the State to make use of borrowings to create productive assets.
The article reports on expert opinions and economic analysis regarding state policy without taking a political stance.
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