A comparison of Modi govt’s management of fiscal deficit with UPA-2
Current Affairs: The Modi government’s first year in office during its first stretch clung to financial union way as likewise the demonetisation year of 2016-17. Every single other year indicated higher financial deficiency, especially based on what was given in the papers given under the Fiscal Responsibility and Budge accomplished and thus it was not in any case anticipated for 2019-20.
“In spite of the fact that the FRBM Act has been there since 2004, by and large, the monetary deficiency during UPA-2 was 5.5% of GDP. There are challenges in keeping up that control and some of the time it is unimaginable… Furthermore, today, I am confronting the difficulties and tending to them, yet individuals who ran it well above 5%, should comprehend what is financial administration”, the priest said.
The Modi government’s first year in office during its first stint adhered to fiscal consolidation path as also the demonetisation year of 2016-17. All other years showed higher fiscal deficit, particularly from what was given in the papers given under the Fiscal Responsibility and Budge achieved and hence it was not even projected for 2019-20.
Aditi Mehta 