01020pab a2200145 454500008004000000100002000040245006800060260000900128300001300137362001100150520063300161650002700794650001900821773003400840180718b2009   xxu||||| |||| 00| 0 eng d  aRao, M. Govinda  aThe fiscal situation and a reform agenda for the new government  c2009  ap.77-85.  a20 Jun  aThe fiscal situation of the central government is worrisome. the problem is largely structural and not cyclical. Indeed, the slowdown of the economy has only partly contributed to the deterioration in 2008-09. The new government at the centre is faced with the formidable challenge of containing the worrisome fiscal deficit, while continuing to provide a stimulus necessary to revive the economy. It also has to institute a restructuring programme towards achieving fiscal consolidation in the medium term. Such a programme should draw lessons from the past and design a plan for the centre as well as the states. - Reproduced.  aPublic finance - India  aPublic finance  aEconomic and Political Weekly