Public sector transactions for regional accounts: an approach and some issues

Public sector transactions are integral part of the National Accounts in India. However, similar estimates providing consolidated government transactions at the regional level are currently not available. The paper brings out the deficiencies in the dissemination of statistics relating to consolidated economic and purpose classification of the government transactions at the regional level. The gap is essentially on part of the central government expenditures in states on different purposes cross-classified by economic categories. Other than improving regional accounts, filling these data gaps would also help in improving research on regional growth and fiscal federalism in India.