Understanding the Changes in India's Fiscal Architecture: Comparative Analysis of Priorities in State Budgets for 2015-16
Over the last two years, not only have the budgetary processes in India witnessed huge changes, the institutional architecture of policymaking has also undergone change at the national level. The recommendations of the FFC and the consequent restructuring of the Union Budget have led to intense debates on the implications for public financing of government interventions in a range of sectors. The study covering ten states, viz. Assam, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, and Uttar Pradesh assesses the impact of these changes on the overall spending capacity of State Governments (in 2015-16).