What do you understand by fiscal consolidation? Suggest steps on the basis of which the government should prepare a credible plan to achieve it over the next few years to ensure fiscal consolidation.
Topic: Government Budgeting. 5. What do you understand by fiscal consolidation? Suggest steps on the basis of which the government should prepare a credible plan to achieve it over the next few years to ensure fiscal consolidation. (250 words) Difficulty level: Moderate Reference: Live Mint Why the question: Bibek Debroy, chairman of the Economic Advisory …