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Asia and Pacific > India

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Structure, Scope, and Performance of Government x
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Cover IMF Working Papers
Inclusive GovTech: Enhancing Efficiency and Equity Through Public Service Digitalization
Manabu Nose
How could the GovTech improve budget processes and execution efficiency? Could the GovTech strengthen redistributive function of public expenditure? Based on an event-study method, this paper finds that the introduction of digital budget payments and e-procurement could significantly enhance budget transparency and help expand the coverage of social assistance to reach the most vulnerable population. Exploiting staggered adoption of digital budget payments, a synthetic control regression identifies meaningful increase in pre-tax income shares among the bottom 50th percentile and female workers, especially for emerging market and developing countries, with effects materializing gradually over 10-year period. The paper delves into the potential mechanism driving these equity benefits, highlighting the reduction in business informality as a primary channel. However, the paper emphasizes that the mere adoption of GovTech strategies or digital technologies is insufficient to unlock its full potential. The outcomes are intricately linked to supporting policies, regulations, organizational and system integration, and robust digital connectivity. The paper underscores that inter-agency coordination facilitated by a dedicated GovTech institution emerges as a critical factor for reaping both efficiency and equity gains from GovTech initiatives.
Keywords:
GovTech; Inclusion; Staggered technology adoption; Synthetic control; Expenditure efficiency; Coordination in organizations; budget transparency; GovTech adoption; GovTech maturity; budget payment; inclusive GovTech; Digital financial services; Digitalization; Income; Budget planning and preparation; Asia and Pacific; Sub-Saharan Africa; Middle East and Central Asia; Western Hemisphere
Cover Staff Discussion Notes
Second-Generation Fiscal Rules: Balancing Simplicity, Flexibility, and Enforceability
Luc Eyraud
,
Mr. Xavier Debrun
,
Andrew Hodge
,
Victor Duarte Lledo
, and
Ms. Catherine A Pattillo
Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new ones with a view to enhancing the credibility of fiscal policy and providing a medium-term anchor. Enforcement and monitoring mechanisms have also been upgraded. However, these innovations have made the systems of rules more complicated to operate, while compliance has not improved. The SDN takes stock of past experiences, reviews recent reforms, and presents new research on the effectiveness of rules. It also proposes guiding principles for future reforms to strike a better balance between simplicity, flexibility, and enforceability. Read the blog
Keywords:
SDN; fiscal rule; business cycle; deficit bias; Fiscal policy; debt; fiscal rules; fiscal governance; balance rule; expenditure rule; rule effectiveness; rule adoption; Fiscal stance; Budget planning and preparation; Global; Europe
Cover IMF Working Papers
The Challenge of Fiscal Adjustment in a Democracy: The Case of India
Mr. Ricardo Hausmann
and
Miss Catriona Purfield
India's fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic capital market and large captive pool of domestic savings, has disguised the cost of fiscal laxity and complicated the building of a consensus on reform. The new fiscal responsibility act establishes a new rules-based system to overcome this coordination failure. To strengthen the framework, we recommend an autonomous scorekeeper and the extension of similar rules to the state governments as part of a comprehensive reform of the federal system.
Keywords:
WP; government debt; central government; interest rate; Fiscal responsibility legislation; federal relations; fiscal deficits; debt; monitoring government fund; government experience; State election; debt relief; political system; government approval; channels half; government fund; electoral system; debt rise; government channels half; levels of government; Budget planning and preparation; Government debt management; Eastern Europe; Western Europe; Sub-Saharan Africa; Africa