Subnational fiscal sustainability analysis : what can we learn from Tamil Nadu ? / Elena Ianchovichina, Lili Liu, Mohan Nagarajan, Research working paper Collection Title:Policy
"In the late 1990s the Indian state of Tamil Nadu experienced an unprecedented fiscal deterioration, which was part of the widespread fiscal deterioration in Indian states. This deterioration was troubling because current expenditure outgrew total revenue, leaving little fiscal space for infras...
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