Question
Which of the following provisions are correct
in regards to FRBM Act 2.0? the FRBM act requires the government to limit the fiscal deficit to 3% of the GDP by March 31, 2021 The debt of the central government to 30% of the GDP by 2024-25. The Act is to ensure intergenerational equity by reducing the debt burden of the future generation.Solution
The debt of the central government to 40% of the GDP by 2024-25.
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