Fiscal policies and challenges in South Asia

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    This paper presents a brief overview of the extant fiscal situation in South Asian countries. In particular, I emphasize low tax/GDP ratios and inelastic expenditure/GDP ratios which then lead to structurally entrenched fiscal deficits. The paper also reports on the sustainability of fiscal and current account deficits in the South Asian countries. Finally, the paper reports on some important issues in tax reform in South Asian counties. These include explaining and finding an antidote for low tax/GDP ratios and analyzing the scope for a VAT. Some general principles are enunciated but many of the required reforms have to be context specific.
    Original languageEnglish
    Title of host publicationRoutledge Handbook of South Asian Economics
    Editors Raghbendra Jha
    Place of PublicationLondon & New York
    PublisherRoutledge, Taylor & Francis Group
    Pages171-182
    Edition1st
    ISBN (Print)9780415553971
    DOIs
    Publication statusPublished - 2011

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