Would UDAY brighten up Rajasthan's Finances?
- Pinaki Chakraborty, Manish Gupta, Lekha Chakraborty, Amandeep Kaur
- Jan 2017
- National Institute of Public Finance and Policy (NIPFP)
- India
The publication analysis the state of finances of Rajasthan and how it will be impacted by the power sector consolidation & debt restructuring under the UDAY scheme. The authors project the fiscal profile of Rajasthan over the period 2017-18 to 2026-27 after taking into account restructured power sector debt to conclude that Rajasthan will produce a revenue surplus only in fiscal year 2026-27. It raises some pertinent questions towards the end in terms of what barometers be used for states to judge their fiscal position and performance and what will be the likely impact of rationalizing state debt to GSDP down to 20% by 2023, among others.
