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CIS(1) High Fiscal Delit.10 borrowings byover reverduring a year.High fiscal deficit is bad because:229 cho HEJ! 16. lopot)of the economy.Fiscal deficit was estimated to be 5.4 per cent of GDP in 1981and it shot up to 8.4 per cent of GDP in 1990-91. It almost ledudebt trap' for the government.NEP became essential to restore fiscal discipline.government on account of the excess of its expenditure ol health of the economy.liit It triggers inflation which hinders the process of growth, an(iii) It lowers faith of international institutions (like World Bain the government of the country with regard to manageme |
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Answer» HEALTH of the economy government on ACCOUNT of the AXCESS of its EXPENDITURE |
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