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Fiscal Management in India: A Study of the Impact of FRBM Act

VISION: Journal of Indian Taxation

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Field Value
 
Title Fiscal Management in India: A Study of the Impact of FRBM Act
 
Creator Singh, Ankita
Fouzdar, Akanksha Singh
 
Subject Fiscal policy; Fiscal deficit; Public debt; Debt management; Fiscal Responsibility and Budget Management Act.
 
Description Fiscal deficit, the gap between government's aggregate receipts and aggregate consumption, gives the flag to the union about the aggregate acquiring necessary from all sources. Since these deficits had to be met by borrowings, the internal debt of the government accumulated rapidly from 35 percent of GDP at the end of 1980-81 to 53 percent of GDP at the end of 1990-91. Fiscal profligacy seen to have caused balance of payments crisis in 1991 and a reduction in the fiscal deficit was therefore an urgent priority at the start of the reforms. This paper aims at describing intricacies of fiscal deficit and to assess the impact of FRBMA on fiscal deficit in India from 1991-92 to 2016-17 by statistical techniques. The study observes a significant impact of FRBMA on fiscal deficit discipline in India and offers some valuable suggestions for effective fiscal governance and achieving targets pre-set in FRBMA.
 
Publisher Journal Press India
 
Date 2018-12-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/VISION/article/view/14388
10.17492/vision.v5i2.14388
 
Source VISION : Journal of Indian Taxation; Vol 5, No 2 (2018)
2347-4475
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/VISION/article/view/14388/13583
 
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