01089pab a2200181 454500 180718b2009 xxu||||| |||| 00| 0 eng d Rao, M. Govinda The fiscal situation and a reform agenda for the new government 2009 p.77-85. 20 Jun The 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. Public finance - India Public finance Economic and Political Weekly N 82867 82867 82867 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 44, Issue no: 25 AR83327 2018-07-19 2018-07-19 AR