• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

Ambition IAS

Online IAS Coaching, Preparation, Test Series & Current Affairs

  • KPSC Material
    • General FAQ
    • Books List
      • KAS Prelims Books List
      • KAS Mains Kannada Book List
      • KAS Mains English Book List
    • Free Downloads
      • KAS Prelims Preparation Time table
      • Karnataka Economic Survey (2013-14)
      • Karnataka Economic Survey (2014-15)
      • Previous Question Papers
    • Buy KPSC Prelims Material
      • Buy KAS Prelims Study Material
    • KPSC Mains Study Material
      • KPSC Mains Study Material
  • Mock Tests
    • Prelims Mock Test
      • Free Mock Tests
      • Paid Test Series
    • Mains Mock Test
      • Daily Free Questions (Updated on WhatsApp Group)
      • Paid Test Series
  • Join WhatsApp Group
  • KPSC Mains Test Series
  • UPSC 2015 Prelims MCQs
  • Doubts Corner
  • Contact Us

Will present fiscal deficit of 4.5% breach the fiscal roadmap set by Kelkar ?

February 18, 2014 by AmbitionIAS Leave a Comment

Fiscal Deficit to Be Closely Monitored By the Rating Agencies

  • Congress Party will be looking to give away election year sops to woo their voters. At the same time, the performance of the Finance Ministry will be closely monitored by the Global Rating agencies. They will basically look into incomes generated with government spending.
  • If the Finance Ministry targets fiscal deficit of 4.5% based on Kelkar Committee’s recommendation, then the budget will clearly show huge increase in government borrowings.
  • The government is more likely to present the 4.5 % fiscal deficit, in order to stay align with fiscal road map by Kelkar Committee in 2014-15. This means that there will be steep increase of 17% in the gross borrowings amounting Rs 6,70,000 crore.
  • If the government achieves the target of 4.8% in 2013-14 and aims the next years at 4% of GDP, then the gross borrowing can go down to Rs. 6,15,800 crore.

Exams Perspective:

  1. Kelkar Committee recommendation on fiscal consolidation
  2. FRBM Act
  3. fiscal deficit

 

Filed Under: Current Affairs, Economy, National Tagged With: fiscal deficit, FRBM Act, Kelkar Committee recommendation on fiscal consolidation

Primary Sidebar

Subscribe To Newsletter





Like us on Facebook

Copyright © 2023 · Magazine Pro on Genesis Framework · WordPress · Log in