Fiscal Responsibility and Budget Management Current Affairs - 2020

Finanance Commission: N K Singh Committee for a new Fiscal Consolidation Road Map

On March 19, 2020, the Finance Commission Constituted a committee under Shri N K Singh in order to build a fiscal consolidation road map for the centre and the states. Highlights The Finance Commission had submitted its first report to the GoI in February 2020. The Commission will submit its final report covering the financial Read More…

CAG report on the Fiscal Responsibility and Budget Management: Key Facts

The CAG report on Fiscal Responsibility and Budget Management has been tabled in the parliament. The important observations made in the report are: CAG recommends the government to frame a policy on off-budget financing and sources of such funding in view of its fiscal implication. The off-budget financial arrangements defer committed liability (subsidy arrears/bills) or Read More…