'A clear glide path' for fiscal expansion - The Hindu BusinessLine
‘A clear glide path’ for fiscal expansion February 01, 2021 FRBM Act to be amended; to allow expansion in deficit The government will amend the Fiscal Responsibilty and Budget Management Act (FRBM), keeping in mind the new fiscal framework and fiscal deficit targets as proposed by the 15th Finance Commission. For FY20-21, the government has reworked the deficit target to 9.5 per cent of GDP and 6.8 per cent of GDP for the next fiscal,. The Finance Ministry has said that it has given ‘in-principal’ approval to the recommendation given by the Commission for borrowing by the States. The...
Source: thehindubusinessline.com