A Medium-term Fiscal Reform Strategy for Gujarat State in India (original) (raw)

The paper discusses the fiscal challenges faced by Gujarat State in India, particularly stemming from a significant increase in fiscal deficit and government debt during the late 1990s. Highlighting the need for immediate corrective measures to prevent further fiscal erosion, it presents a medium-term fiscal reform strategy aimed at restoring fiscal balance while promoting sustainable economic growth. The study incorporates an economic model tailored specifically for Gujarat and evaluates various strategic scenarios to strengthen revenue efforts and restructure expenditures.