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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Issue: March 2026
Volume 11 | Issue 3
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 11
Issue Published : 118
Article Submitted : 21545
Article Published : 8519
Total Authors : 22414
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| Paper Title: | Fiscal stress to fiscal sustainability: The transformation of Odisha’s Public Finances |
| Authors Name: | Bhagyashree Pradhan , Sudhanshu Sekhar Rath |
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IJRTI_209451
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| Published Paper Id: | IJRTI2601121 |
| Published In: | Volume 11 Issue 1, January-2026 |
| DOI: | |
| Abstract: | This paper investigates Odisha’s fiscal transition from stress to sustainability over the post-FRBM period (2005–06 to 2024–25) using an integrated framework encompassing fiscal sustainability, fiscal resilience, fiscal space, and expenditure efficiency. Fiscal sustainability is assessed through FRBM-consistent deficit and debt thresholds and debt-growth dynamics, while fiscal resilience is captured by a Composite Shock Absorption Index combining revenue stability, expenditure flexibility, debt sustainability, and fiscal buffers. Expenditure efficiency is evaluated using ICOR estimates, an Expenditure Management Index, and sector-level outcome efficiency indicators. The results indicate that FRBM-anchored fiscal discipline facilitated growth-led debt reduction and a sustained decline in interest burdens, permitting an expansion of capital and development expenditure without violating fiscal rules. Fiscal consolidation thus evolved from balance-sheet repair to efficiency-driven, growth-compatible adjustment supported by expanded fiscal space arising from lower committed expenditure. However, fiscal resilience remains structurally constrained by weak and volatile buffers, and improvements in aggregate expenditure efficiency did not translate into commensurate gains in health, education, and infrastructure outcomes, pointing to persistent delivery inefficiencies. |
| Keywords: | FRBM, debt sustainability, fiscal resilience, fiscal space, expenditure efficiency |
| Cite Article: | "Fiscal stress to fiscal sustainability: The transformation of Odisha’s Public Finances", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.11, Issue 1, page no.b153-b175, January-2026, Available :http://www.ijrti.org/papers/IJRTI2601121.pdf |
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2601121
Registration ID:209451
Published In: Volume 11 Issue 1, January-2026
DOI (Digital Object Identifier):
Page No: b153-b175 Country: Bargarh, Odisha, India Research Area: Arts Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2601121 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2601121 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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