Political economy of fiscal responsibility

The economy requires a fiscal battle plan and this, in turn, requires a fiscal responsibility framework


The International Monetary Fund and the Organisation for Economic Co-operation and Development, long advocates of fiscal restraint, are now advocating expansionary fiscal policies. Some commentators see this as an argument
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

Also Read

Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%

Has the fiscal deficit reached 83% of FY21 target in Q1 itself? Not really

Carrying the ideas of NEP to execution

In search of a new fiscal road map

Revenue stress: Fiscal deficit in first half soars to 115% of target

Decolonising climate action

Why the fifteenth finance commission report merits a proper discussion

GST, farm Bills and 4 other events that widened Centre-state trust deficit

It is not too late, but it soon will be

The myth of India's import dependence

Army's pivot to the north

The long-term growth opportunity 2021 presents

Flexible inflation targeting: Fix the underlying first - it is broken

Exports: A post-Covid opportunity

Two steps to boost broadband usage

First Published: Jan 7 2021 | 10:33 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to