Fiscal Reforms In Odisha: Insights From The 11th Finance Commission Onwards

This study examines the fiscal reforms undertaken in Odisha from the 11th Finance Commission onwards, focusing on the impact of Finance Commission recommendations on the state’s fiscal management. The analysis highlights efforts of the state to address fiscal challenges through the adoption of measures such as the Fiscal Responsibility and Budget Management (FRBM) Act, tax reforms, expenditure rationalization etc. Key fiscal indicators, including revenue and fiscal deficits, debt-to-GSDP ratio and developmental expenditure as a percentage of GSDP are analyzed to evaluate the state’s fiscal performance since 11th FC. The findings reveal that, the state has witnessed a significant progress in fiscal discipline. The enhanced revenue mobilization and increased developmental spending, underscoring the role of targeted fiscal measures in fostering sustainable economic growth. This study provides valuable insights into Odisha’s fiscal trajectory and its relevance for other states striving for fiscal stability and inclusive development