Question

What do you mean by ‘Fiscal discipline’ ?

Answer 1

Answer:

The fiscal discipline refers to a state of an ideal balance between revenues and expenditure of government , in an economy. if the fiscal discipline is not maintain, then the government expenditure exceeds government receipts

Answer 2

Explanation:

fiscal discipline refers to the state of an ideal balance between revenues and expenditure of govt. in an economy . if the fiscal discipline is not maintained then the govt expenditure exeeds govt reciepts. under this condition the govt would have the borrow funds or incurred with deficit . financing from central bank. this may depreciate the currency and create inflaton in an economy.