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Centre in favour of fiscal watchdog

FRBM committee suggested setting up such a panel after studying examples of 40 economies

Arup Roychoudhury  |  New Delhi 

The government is in favour of setting up a council to monitor fiscal announcements, provide forecasts and analysis, and recommend deviations under certain circumstances. The Fiscal Responsibility and Budget Management Committee, in a report to Finance Minister Arun Jaitley before Budget 2017-18, suggested setting up such a panel. The report was made public this month and the government has sought feedback from the public till May 5. The FRBM committee, headed by former MP N K Singh, also recommended a fiscal deficit target of 2.5 per cent of the gross domestic product, revenue ...

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First Published: Fri, April 28 2017. 02:40 IST
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