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100			_aRakshit, Mihir
245			_aBudgetary rules and plan financing: revisiting the fiscal responsiblity act
260			_c2006
300			_ap.4547-552.
362			_a4 Nov
520			_aIn the approach paper to the eleventh five - year plan, the planning commission has proposed a redefinition of the revenue deficit, concentration only on the primary and fiscal deficits as control variables, and an adjustment of the deficits for cyclical variations in gross domestic product. Importantly, the PC has also questioned the very compatability of the targets under the fiscal responsibility and Budget Management Act with the imperatives of plan expenditure and its phasing over time. All this have drawn adverse criticism from the finance ministry and the reserve bank of India. After setting out the basics pertaining to the various budget deficits and the economic reasons for their targeting, this artic le examines the main issue in the debate among the three policy formulating bodies. - Reproduced.
650			_aPublic finance - India
650			_aBudget - India
650			_aBudget
773			_aEconomic and Political Weekly
909			_a72113
999			_c72113 _d72113