The Fiscal Responsibility and Budget Management (FRBM) Act, enacted in 2003 by Parliament of India, aims to ensure fiscal discipline by setting targets for deficits, debt, and transparency in budgetary processes. BulletsIn FRBM Act introduced to control rising fiscal deficit, revenue deficit, and debt levels affecting India’s macroeconomic stability Act mandates medium-term fiscal planning with
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The Fiscal Responsibility and Budget Management (FRBM) Act, enacted in 2003 by Parliament of India, aims to ensure fiscal discipline by setting targets for deficits, debt, and transparency in budgetary processes. BulletsIn FRBM Act introduced to control rising fiscal deficit, revenue deficit, and debt levels affecting India’s macroeconomic stability Act mandates medium-term fiscal planning with
