Tag: fiscal consolidation roadmap

FRBM panel sets fiscal deficit target at 2.4% of GDP

The Fiscal Responsibility and Budget Management (FRBM) Committee, headed by former revenue and expenditure secretary N K Singh, tasked with redrawing the fiscal consolidation roadmap, has set a target of 2.4 per cent of the GDP by financial year 2022-23. Sources said the panel has recommended sticking to the fiscal deficit at 3 per cent …

Continue reading "FRBM panel sets fiscal deficit target at 2.4% of GDP"

February 16, 2017