The Government of Tamil Nadu supported Madras School of Economics (MSE) to establish the Centre for Public Finance by sanctioning
Rs. 5 crore corpus fund (one time) and Rs. 1 crore recurring fund every year. The centre started functioning from April 01, 2021.The Centre for Public Finance is part of the new entity “Madras School of Economics-Institution of Special Importance” that has emerged as per Madras School of Economics Act 2020. This will function in the premise of Data Centre Land and Building to be given to MSE. Until then, it functions at the MSE premises.
The Centre will have a strong focus in theoretical and empirical issues on public finance. It would undertake both theoretical and applied research relating to fiscal management at the union, State and local levels. The important areas that will be taken up are:
The Centre would provide policy advice to the Government based on its researches conducted in the above areas. In addition, the CPF would also undertake any other study that is referred to the Centre by the GoTN. Apart from these general research activities, the Centre will work on the followings on regular basis:
(A) Build a state level Macro fiscal model to provide the forecast of the fiscal and (selective) economic parameters of the State of Tamil Nadu;
(B) Conduct an Annual conference on topics related to Public Finance and Policy
(C) A summer course on Indian Public Finance