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BS Awards: Debroy bats for GST Council-like body for expenditure reforms

He said the State Finance Commission's recommendations were not given much attention even as two-thirds of the public expenditure occurred at the state level

Bibek Debroy
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Debroy said every economist would say on the Budget that the government should spend more on capex and that there should be a countercyclical fiscal policy, but the important point was at what level there should be these policies

Indivjal Dhasmana New Delhi
Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), on Tuesday proposed a forum along the lines of the Goods and Services Tax (GST) Council to initiate expenditure reforms at all levels – Union, states and local bodies.

On a day when India’s wholesale inflation hit a 12-year high, he said the revival of economic growth was a much bigger issue than the rate of price rise. 

“In consultation with the states, I think it is high time that, just like the GST Council, we have some forum to have discussions on expenditure,” Debroy said while

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