Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act...........

Economic Affairs Public Finance and Debt Management

Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003?

Elimination of revenue deficit by the end of the fiscal year 2007-08

Non-borrowing by the Central Government from Reserve Bank of India except under certain circumstances

Elimination of primary deficit by the end of the fiscal year 2008-09

Fixing government guarantees in any financial year as a percentage of GDP

Elimination of primary deficit by the end of the fiscal year 2008-09 was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003.

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