In which of the following situations does FRBM act does not allow for exceeding targets specifi...........

Economic Affairs Public Finance and Debt Management

In which of the following situations does FRBM act does not allow for exceeding targets specified for Fiscal and revenue deficit?

Natural disasters

Issues of National security

Organising an international sports event

Emergency situation

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Explanation:

The FRBM Act is a fiscal sector legislation enacted by the government of India in 2003, aiming to ensure fiscal discipline for the centre by setting targets including reduction of fiscal deficits and elimination of revenue deficit. It does not allow for exceeding targets in the situation of Organising an international sports event.