An Economic Analysis on The Impact of the FRBM Act on Central Government Deficits in India

Author(s)	Amanda Veronica Ponceno, Dr. S. Indumati
Country	India
Abstract	The major purpose of this paper is to analyze the deficits of the Central Government in India since the 1990s, that isduring the pre (1990-1991 to 2002-2003) and the post-FRBMAct period (2003-2004-2022-2023). It looks into the extent to whether the execution of the Fiscal Responsibility and Budget Management (FRBM) Act has played a positive role in bringing downthe overall deficits of the Government or not.The study is based on secondary data and employs Dummy Variable Model for analysis. It is found that the FRBMActwas not successful in minimizing the deficits of the Central Government in India. Thus, it is suggested that it would be advantageous if the Government complies with the targets put down by the FRBM Act as this in turn would help in achieving fiscal discipline, consolidation, growth and stability in the country.
Keywords	FRBM Act, Deficits,Fiscal Discipline and Consolidation
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-09-29
Cite This	An Economic Analysis on The Impact of the FRBM Act on Central Government Deficits in India - Amanda Veronica Ponceno, Dr. S. Indumati - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.6947
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.6947
Short DOI	https://doi.org/gstc9r

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International Journal For Multidisciplinary Research