|
|
(3.22.249.220)
|
Users online: 15780
|
|
|
|
|
|
Ijournet
|
|
|
|
|
FRBM Act and Indian Fiscal Consolidation Dr. Bhashkar Santosh Kumar Department of Economics, Veer Kunwar Singh University, Ara, Bihar (India) Online published on 10 December, 2021. Abstract Fiscal consolidation refers to the policies undertaken by the government to reduce all types of budget deficits and reduce debt burden. Fiscal Deficit and Revenue Deficit are the key deficits of the budget. The FRBM act was enacted to enforce fiscal discipline and reduce expansionary fiscal policies. The act sets phased targets for fiscal and revenue deficit reduction. The targets to be achieved in 2008 were relaxed due to global recession. However, there has been increased concern over expanding deficit. It is realized that urgent requirement arises for strict adherence to FRBM norms and improving fiscal health of the country. In this light, this paper seeks to assess the budget deficits in the last two decades. Top Keywords Fiscal Policies, FRBM Act. Top | | |
|
|
|
|
║ Site map
║
Privacy Policy ║ Copyright ║ Terms & Conditions ║
|
|
748,714,597 visitor(s) since 30th May, 2005.
|
All rights reserved. Site designed and maintained by DIVA ENTERPRISES PVT. LTD..
|
Note: Please use Internet Explorer (6.0 or above). Some functionalities may not work in other browsers.
|