Fiscal example sentences

The rules under the Act were notified with effect from July, 200 The Act mandates the central government to take appropriate measures to reduce fiscal deficit and revenue deficits so as to eliminate the revenue deficit by March 31, 2009 and thereafter build up adequate revenue surplus.The fiscal deficit will have to be financed through borrowing.The major economic activities of the government that affect the aggregate demand for final goods and services can be summarized by the fiscal variables Tax (T) and Government Expenditure (G), both autonomous to our analysis.The fiscal policies, particularly taxation policies of the government, are related with the financial performance of corporate undertakings.The central government to lay before both Houses of Parliament three statements – Medium-term Fiscal Policy Statement, The Fiscal Policy Strategy Statement, The Macroeconomic Framework Statement along with the Annual Financial Statement.A high fiscal deficit is accompanied by higher demand and greater output and, therefore, need not be inflationary.The Reserve Bank of India must not subscribe to the primary issues of central government securities from the year 2006-0 Measures to be taken to ensure greater transparency in fiscal operations.Along with the budget, three policy statements are mandated by the Fiscal Responsibility and Budget Management Act, 2003 (FRBMA).Fiscal deficit is the difference between the government's total expenditure and its total receipts excluding borrowing.Or, the government may choose to leave the exchange rate unchanged and deal with the BoP problem by the use of monetary and fiscal policy.Though few states like Karnataka, Kerala, Punjab, Tamil Nadu and Uttar Pradesh have enacted fiscal responsibility legislations, the objective of fiscal consolidation, growth and macroeconomic stability will not be achieved if all the states do not participate.The Macroeconomic Framework Statement assesses the prospects of the economy with respect to the GDP growth rate, fiscal balance of the central government and external balance When a government spends more than it collects by way of revenue, it incurs a budget deficit There are various measures that capture government deficit and they have their own implications for the economy.The Fiscal Policy Strategy Statement sets the priorities of the government in the fiscal area, examining current policies and justifying any deviation in important fiscal measures.The central government must ensure inter-generational equity, longterm macro-economic stability by achieving sufficient revenue surplus, removing fiscal obstacles to monetary policy and effective debt management by limiting deficits and borrowing.This means that the deficit increases in a recession and falls in a boom, even with no change in fiscal policy.