{"product_id":"managing-public-finances-in-a-new-global-era-copy-1","title":"Managing Public Finances in a New Global Era","description":"\u003cdiv\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eWe are witnessing a historic global trade rebalancing. With opportunities for expanding activity and living standards from increased trade integration diminishing, it is likely that domestic factors and policies will now be the differentiating factor in future growth performance. Fiscal policy, therefore, has a critical role to play, both in bolstering domestic demand and in providing the favourable conditions for private sector-led growth.\u003c\/p\u003e\n\u003cp\u003eHowever, with concerns about sustainability, given soaring global debt levels, there is a very limited overall budget envelope for such fiscal policies. As a result, the effectiveness of fiscal policy in driving activity, supporting the private sector, and bringing strategic objectives (such as climate goals) within the overall fiscal strategy will hinge on robust Public Financial Management (PFM) systems. These systems comprise the institutions, practices, and processes governing how governments collect, allocate, and monitor public funds, to ensure scarce fiscal resources have the maximum impact. Unfortunately, the quality of PFM globally varies considerably and leaves significant room for improvement.\u003c\/p\u003e\n\u003cp\u003eIt is this scope for improvement that is the central topic of this volume and, in this context, it examines India’s experience in building the systems and practices of public finance management, and in integrating India’s climate goals with its overall fiscal strategy. The chapters in the volume focus on the steps that the central government has already taken to improve fiscal transparency and accountability, especially at the state level, and the challenges that remain in driving India’s PFM systems towards global best practices.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\"Building transparency and efficiency in fiscal governance is a global issue, that has also been central to my own experience, and I am pleased that Anoop Singh has looked closely at this with lessons for India.\"\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003e— Dr. T.V. Somanathan,\u003c\/strong\u003e \u003cem\u003eUnion Cabinet Secretary, Government of India\u003c\/em\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ch1 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h1\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eAnoop Singh\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis currently Distinguished Fellow at the Centre for Social and Economic Progress (CSEP), New Delhi, and at NITI Aayog, India. He was Member, Fifteenth Finance Commission of India, a constitutional body mandated to recommend tax sharing and fiscal transfers between the Union and the States for the period 2021–26.\u003c\/p\u003e\n\u003cp\u003ePreviously, at the International Monetary Fund, he was Director of the Asia and Pacific Department, Director of the Western Hemisphere Department, and Director of Special Operations.\u003c\/p\u003e\n\u003cp\u003eHis additional work experience includes serving as Special Advisor to the Governor of the Reserve Bank of India. He has also been Managing Director and Head of Regulatory Affairs, Asia-Pacific, for JP Morgan, and Adjunct Professor at Georgetown University, Washington DC.\u003c\/p\u003e\n\u003cp\u003eAnoop Singh holds degrees from the universities of Bombay, Cambridge, and the London School of Economics.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003ch2\u003eContents in Detail\u003c\/h2\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca class=\"menuitem submenuheader\" href=\"https:\/\/academicfoundation.org\/#\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cdiv\u003eAcknowledgements\u003c\/div\u003e\n\u003cdiv\u003eList of Tables, Figures and Boxes\u003c\/div\u003e\n\u003cdiv\u003e  \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eIntroduction\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003eCurrent Context:  \u003c\/div\u003e\n\u003cdiv\u003eManaging Public Finances in a New Global Era\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003cstrong\u003eI\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eIndia’s Fiscal Architecture\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e1. Data Gaps in Fiscal Accounts\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e2. Data Gaps in Subsidy Spending\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e3. Data Gaps in Capital Spending\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e4. Off-Budget Borrowings\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e5. Fiscal Marksmanship of States’ Capital Spending\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e6. Aspects of India’s Fiscal Architecture\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e7. Reforming Public Financial Management in India\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eII\u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eClimate Change Governance in India: \u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cstrong\u003eBuilding PFM Practices \u003c\/strong\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e8. India’s Global Commitments in Climate Change\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e9. Building a Green Public Finance Management Structure\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e10. Summary and Conclusions\u003c\/span\u003e\u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003eIndex\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cbr\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e370\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332707047\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Anoop Singh","offers":[{"title":"Hardcover \/ ENG- English \/ Economics","offer_id":51025584193857,"sku":null,"price":1795.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/Managing-public-finance-_front.png?v=1762768169","url":"https:\/\/www.academicfoundation.com\/products\/managing-public-finances-in-a-new-global-era-copy-1","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}