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Barking up the wrong tree

Strengthening the revenue forecasting system will yield better results than fixing deficit targets within a range

Topics
FRBM Act | Fiscal Deficit | Fiscal stimulus

A K Bhattacharya  |  New Delhi 



A K Bhattacharya

Recent media reports suggest that the Union government is reviewing the Fiscal Responsibility and Budget Management (FRBM) Act in view of the adverse impact of the Covid-19 pandemic on its finances. One of the proposals under study envisages the adoption of a flexible but range-bound target, instead of a single number.

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First Published: Tue, October 20 2020. 23:53 IST

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