Question

When was the long term fiscal policy announced in india?

Answer 1

• Finance minister Vishwanath Pratap Singh was announced the long term fiscal policy.

• He made budgetary history by introducing a long term fiscal policy and through this policy, government revenue and expenditure was framed with a long term framework.

• During 1987-88, the resource projections have been announced and this projection was made with three months advance.

• Along with this, this fiscal policy will set up a goal of de-mystifying the world of budget-making.