Answer- In FRBM Act 2003, what does ‘B’ stands for?

The Fiscal Responsibility and Budget Management Act, 2003 FRBMA is to institutionalize financial discipline, reduce Indias fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence. The main purpose was to eliminate revenue deficitof the country building revenue surplus thereafter and bring down the fiscal deficit.