Question

Fiscal responsibility and budget management act concerns with

Answer 1

frbm act 2003 was mainly enacted to enact enact some discipline while formulating budget and while spending the money. It  mainly wants to control fiscal deficit to 3% of the total GDP by 2008.But due to 2008 global financial crisis it was postponed.One has to understand that as of 2018 the government set a target to achieve fiscal deficit 3.3%-3.5% of GDP and the modi govt seems to stick to it (many times policy makers set target but never realize it )