Fiscal Responsibility Management Act Current Affairs, GK & News

Fiscal Deficit: Interim Budget 2019

The present government headed by Prime Minister Narendra Modi presented an uncompromising stance on fiscal deficit in the beginning. In its first budget, the government had stated that “we cannot go on spending today which would be financed by taxation at a future date”. The government emphasised on “inter-generational equity” and not leaving behind “a ..

Month: Current Affairs - February, 2019

Topics: fiscal deficit • Fiscal Policy Strategy Statement • Fiscal Responsibility Management Act • interim Budget 2019 • Medium Term Fiscal Policy