Creative Budgeting or Actual Deficit Reduction? The case of FRBM Act

Surajit Mazumdar ()

Working Papers from eSocialSciences

Abstract: The FRBM Act was reflective of the shared commitment across political parties towards fiscal conservatism. A decade later, the picture, as reflected in the Union Budget, is yet to change for the better. And given the interests that the current Government represents, a real departure from the past may safely be ruled out.

Keywords: FRBM; fiscal policy; monetary policy; management; deficit; revenue; expenditure; public finance; Budget; government; India (search for similar items in EconPapers)
Date: 2014-08
Note: Current Affairs
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