Fresh Thinking on a Responsible Fiscal Policy Framework Required

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Fresh Thinking on a Responsible Fiscal Policy Framework Required
News and Press Release
Dated:- 9-7-2014

Fresh thinking is required on a responsible fiscal policy framework. The fiscal s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ituation of the central government is worse than it appears, given the acceleration of inflation from 2006 to 2014. These inflation shocks effectively reduced the value of outstanding debt. This has h .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... armed the interests of households but has reduced the debt burden of the government. These inflation shocks are unlikely to recur in the future. This warrants a fresh thinking on a responsible fiscal .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... policy framework. This should feed into a new FRBM Act. The modified Act needs to take into account business cycles and to have penalties that are strong enough so that it cannot be ignored.
News .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X