Foreword - ربی - Reserve Bank of India
Foreword
The Reserve Bank of India brings out an annual publication, State Finances: A Study of Budgets, which provides an analytical discussion on the fiscal position of state governments; it is also a primary source for disaggregated state-wise fiscal data. The analysis, orientation, coverage and format of the report have been restructured periodically to make it more informative and analytical. From 2005-06 onwards, the report also incorporates a special theme based on a specific issue of relevance. Continuing this practice, the special theme covered in the present report relates to ‘Cyclicality in the Fiscal Expenditures of Major States in India’, covering the period 1980-81 to 2012-13. The salient features that emerge from an analysis of the state finances are:
This report has been prepared by the Fiscal Analysis Division (FAD) of the Department of Economic and Policy Research (DEPR), under the overall direction of Shri Deepak Mohanty, Executive Director and under the guidance and supervision of Smt. Balbir Kaur, Adviser. Smt. Deepa S. Raj (Director); Smt. Atri Mukherjee, Smt. Sangita Misra and Shri Neeraj Kumar (Assistant Advisers); and Shri Dirghau K. Raut, Shri Prabhat Kumar and Shri Anand Prakash Ekka (Research Officers) formed the team of officers involved in the preparation of this report. The Regional Offices of DEPR in Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Hyderabad, Jaipur, Jammu, Kochi, Kolkata, Lucknow, Guwahati and Patna also provided support in compiling the data. Support was also received from other departments of the Reserve Bank (Department of Government and Bank Accounts and Internal Debt Management Department), finance departments of state governments/union territories, the Ministry of Finance, Government of India, the Planning Commission and the Office of the Comptroller and Auditor General (CAG) of India. This report is also available on the RBI website (www.rbi.org.in). Feedback/comments are solicited to help improve the analytical or informational content of the report. These may be sent to Director, Fiscal Analysis Division, Department of Economic and Policy Research, Reserve Bank of India, Shahid Bhagat Singh Road, Mumbai 400 001 or through email Urjit R. Patel |