refers to the policies undertaken by Governments (national and subnational levels) to reduce their deficits and accumulation of debt stock. (A) Fiscal debt (B) Fiscal consolidation (C) Fiscal borrowing (D) Repo management
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the population has increased so that the tax has increased also
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Among the various options given in question statement the correct option is the second one.
Fiscal consolidation refers to the policies undertaken by Governments (national and subnational levels) to reduce their deficits and accumulation of debt stock. Such consolidation plans are made and rolled out according to a certain percentage of nominal GDP. All these policies are quantified to make them measurable
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