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Definition | : | Fiscal Responsibility and Budget Management |
Category | : | Governmental » Rules & Regulations |
Country/ Region |
: | India
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Popularity | : |
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The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 was enacted by the Parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit and the overall management of the public funds by moving towards a balanced budget.
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The full form of FRBM is Fiscal Responsibility and Budget Management
Fiscal Responsibility and Budget Management