Budget Deficits Types — Key Judgments

Key Judgments

S.R. Bommai v. Union of India

1994

While primarily dealing with Article 356, this judgment established principles of fiscal federalism and the constitutional limits on central government's financial powers. The…

State of Kerala v. Union of India

2003

This case dealt with the constitutional validity of conditions imposed by the central government on states regarding fiscal deficit limits. The Supreme Court upheld the central…