How Much Financial Flexibility Do States Have To Deal With Covid-19 Strain?

While both the central and state governments have had to commit to upfront expenditure, states have fewer sources of revenue.

An elastic rubber band. (Image: BloombergQuint)
An elastic rubber band. (Image: BloombergQuint)
The spread of Covid-19 and the lockdowns that have followed have thrown the economy and government finances into turmoil.
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