| #9010077 in Books | 2014-01-20 | Original language:English | PDF # 1 | 8.80 x.90 x5.70l,1.54 | File Name: 817708383X | 192 pages
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When India's economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituted a major objective of the policy response. For this purpose, it became necessary to: (a) enhance tax and non-tax revenue, (b) curtail current expenditure growth, (c) restructure public sector undertakings, including disinvestment, (d) improve fiscal-monetary coordination, and (e) deregulate financial system. The need for improvements in budgetary practices led to th...
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