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Government constitutes a five Member Committee to comprehensively review and give recommendations on the FRBM roadmap for the future

News and Press Release - Dated:- 18-5-2016 - In pursuance of the Budget Announcement 2016-17, the Government has constituted a five Member Committee to comprehensively review and give recommendations on the FRBM roadmap for the future. The composition of the FRBM Review Committee is as follows: (i) Shri N.K. Singh, Former Revenue Secretary & Expenditure Secretary &Former Member of Parliament(Rajya Sabha) : Chairman (ii) Shri Sumit Bose, Former Finance & Revenue Secretary: Member (iii .....

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various aspects, factors, considerations going into determining the FRBM targets (iii) To examine the need and feasibility of having a fiscal deficit range as the target in place of the existing fixed numbers(percentage of GDP) as fiscal deficit target; if so, the specific recommendations of the Committee thereon; and (iv) To examine the need and feasibility of aligning the fiscal expansion or contraction with credit contraction or expansion respectively in the economy. The Committee will make .....

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