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LATEST NEWS UPDATES | Will the Budget suspend the FRBM's fiscal deficit goals? -Ajit Ranade & NR Bhanumurthy

Will the Budget suspend the FRBM's fiscal deficit goals? -Ajit Ranade & NR Bhanumurthy

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published Published on Jan 25, 2020   modified Modified on Jan 25, 2020
-The Hindu

Any fiscal deficit needs to ideally redirect spending priorities to capital from consumption

With revenue receipts lagging behind budget estimates and economic growth slowing sharply, there is a real risk of the Centre missing its fiscal deficit target this year. In a discussion moderated by Suresh Seshadri, N.R. Bhanumurthy and Ajit Ranade look at how the Union Budget may approach the fiscal balancing act in the face of a need for a stimulus and the government’s stated commitment to adhere to the Fiscal Responsibility and Budget Management Act (FRBM).

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The Hindu, 24 January, 2020, https://www.thehindu.com/opinion/op-ed/will-the-budget-suspend-the-frbms-fiscal-deficit-goals/article30636439.ece?homepage=true&fbclid=IwAR1SCZQ_9Rh72DkaxkdOLpgMnl-jLj


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