According to the provisions of the Fiscal Responsibility and Budget Management FRBM Act 2003 and FRB...........

Economic Affairs Public Finance and Debt Management

According to the provisions of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the Parliament along with the Annual Budget. Which one of the following is correct?

Macroeconomic Framework Statements

Fiscal Policy Strategy Statements

Medium-term Fiscal Policy Statements

Statements showing Short-term Fiscal Policy

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Explanation:

1st option is correct.

The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence.
N. K. Singh is currently the Chairman of the review committee for Fiscal Responsibility and Budget Management Act, 2003, under the Ministry of Finance (India), Government of India.