The FRBM Act ... for key budgetary variables viz., revenue receipts, non-debt capital receipts, revenue expenditure, capital expenditure, total receipts, total expenditure, revenue deficit and ...

What is the FRBM Act? The Fiscal Responsibility and Budget Management (FRBM) Act is a law aimed at ensuring that the government maintains financial discipline by managing its deficit and public ...

The government presents two key fiscal policy statements to Parliament, as mandated by the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.

The government plans to reduce its debt-GDP ratio from 57.1% to 50% by March 2031. Finance Minister Nirmala Sitharaman seeks to lower the fiscal deficit to 4.4% by FY26, adhering to the revised FRBM ...

The 2003 Act provides enormous assistance in maintaining fiscal discipline by reducing the fiscal deficit, achieving fiscal stability, and so much more. The FRBM Bill was first introduced in 2000 ...