$\"\"$ NEW DELHI: The Economic Survey<\/a> 2016-17 has cautioned on the danger of relying on rapid growth rather than steady and gradual fiscal and primary balance adjustment to do the “heavy lifting” on debt reduction.
\n
\n\"India’s economic experience shows that the fiscal activism embraced by advanced economies- giving a greater role to counter-cyclical policies and attaching less weight to curbing debt is not relevant for India,\" says the survey.
\n
The Economic Survey<\/a> has stated that India’s fiscal experience has underscored the fundamental validity of the fiscal policy<\/a> principles enshrined in the Fiscal Responsibility and Budget Management Act (FRBM) Act 2003.
\n
\n\"Since the 2008-09 Global Financial Crisis (GFC), internationally fiscal policy<\/a> has seen a paradigm shift from the emphasis on debts to deficits, arguing for greater activism in flows (deficits) and minimizing concerns about sustainability of the stocks (debt). But India’s experience has reaffirmed the need for rules to contain fiscal deficits, because of the proclivity to spend during booms and undertake stimulus during downturns,\" the survey says.
\n
\nHowever, the survey also says that the operational framework of FRBM designed in 2003 would need to be modified for the fiscal policy direction of India of today, and even more importantly the India of tomorrow. \"This setting out a new vision through an FRBM for the 21st century will be the task of the FRBM Review Committee,\" it says.\n\n<\/body>","next_sibling":[{"msid":56889838,"title":"Budget 2017 expectations: Make India digital-ready, says Rahul Agarwal, Lenovo India CEO","entity_type":"ARTICLE","link":"\/news\/budget-2017-expectations-make-india-digital-ready-says-rahul-agarwal-lenovo-india-ceo\/56889838","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":56891096,"entity_type":"ARTICLE","title":"Economic Survey cautions on loosening fiscal deficit goals","synopsis":"India\u2019s economic experience shows that the fiscal activism embraced by advanced economies- giving a greater role to counter-cyclical policies.","titleseo":"telecomnews\/economic-survey-cautions-on-loosening-fiscal-deficit-goals","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Online","artdate":"2017-01-31 14:52:35","lastupd":"2017-01-31 14:56:41","breadcrumbTags":["Budget 2017","policy","Economic survey","Union Budget","fiscal deficit goals"],"secinfo":{"seolocation":"telecomnews\/economic-survey-cautions-on-loosening-fiscal-deficit-goals"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-01-31" data-index="article_1">

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经济调查警告放松财政赤字目标

印度经济的经验表明,财政活动受到发达经济体——给反周期政策发挥更大的作用。

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更新2017年1月31日下午02:56坚持

新德里:经济调查2016 - 17的危险警告依赖快速增长而不是稳定和逐步的财政和基本平衡调整债务削减的“重任”。

“印度经济的经验表明,财政活动受到发达经济体——给反周期政策发挥更大的作用,减少附加重量为印度遏制债务是不相关的,”说,调查。

的经济调查表示,印度的财政经验强调了财政的基本有效性政策原则体现在财政责任和预算管理法案(FRBM)法案2003。

“自2008 - 09年全球金融危机(GFC),国际财政政策看到一个范式转换,即从强调债务赤字,为更大的活动流(赤字)和减少股票(债务)的可持续性的担忧。但是印度的经验重申需要规则来控制财政赤字,因为花在经济繁荣时期,进行刺激的倾向在经济低迷时期,”调查说。

然而,调查还说FRBM操作框架的设计在2003年将需要修改今天印度的财政政策方向,甚至更重要的是明天的印度。“这个设置一个新的愿景通过FRBM 21世纪将FRBM审查委员会的任务,”它说。

发表在2017年1月31日02:52点坚持

$\"\"$ NEW DELHI: The Economic Survey<\/a> 2016-17 has cautioned on the danger of relying on rapid growth rather than steady and gradual fiscal and primary balance adjustment to do the “heavy lifting” on debt reduction.
\n
\n\"India’s economic experience shows that the fiscal activism embraced by advanced economies- giving a greater role to counter-cyclical policies and attaching less weight to curbing debt is not relevant for India,\" says the survey.
\n
The Economic Survey<\/a> has stated that India’s fiscal experience has underscored the fundamental validity of the fiscal policy<\/a> principles enshrined in the Fiscal Responsibility and Budget Management Act (FRBM) Act 2003.
\n
\n\"Since the 2008-09 Global Financial Crisis (GFC), internationally fiscal policy<\/a> has seen a paradigm shift from the emphasis on debts to deficits, arguing for greater activism in flows (deficits) and minimizing concerns about sustainability of the stocks (debt). But India’s experience has reaffirmed the need for rules to contain fiscal deficits, because of the proclivity to spend during booms and undertake stimulus during downturns,\" the survey says.
\n
\nHowever, the survey also says that the operational framework of FRBM designed in 2003 would need to be modified for the fiscal policy direction of India of today, and even more importantly the India of tomorrow. \"This setting out a new vision through an FRBM for the 21st century will be the task of the FRBM Review Committee,\" it says.\n\n<\/body>","next_sibling":[{"msid":56889838,"title":"Budget 2017 expectations: Make India digital-ready, says Rahul Agarwal, Lenovo India CEO","entity_type":"ARTICLE","link":"\/news\/budget-2017-expectations-make-india-digital-ready-says-rahul-agarwal-lenovo-india-ceo\/56889838","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":56891096,"entity_type":"ARTICLE","title":"Economic Survey cautions on loosening fiscal deficit goals","synopsis":"India\u2019s economic experience shows that the fiscal activism embraced by advanced economies- giving a greater role to counter-cyclical policies.","titleseo":"telecomnews\/economic-survey-cautions-on-loosening-fiscal-deficit-goals","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Online","artdate":"2017-01-31 14:52:35","lastupd":"2017-01-31 14:56:41","breadcrumbTags":["Budget 2017","policy","Economic survey","Union Budget","fiscal deficit goals"],"secinfo":{"seolocation":"telecomnews\/economic-survey-cautions-on-loosening-fiscal-deficit-goals"}}" data-news_link="//www.iser-br.com/news/economic-survey-cautions-on-loosening-fiscal-deficit-goals/56891096">