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According to the Economic Survey 2016-17, there will be fiscal windfall both from the high denomination notes that are not returned to the RBI and from the higher tax collections under Pradhan Mantri Garib Kalyan Yojana (PMGKY). What is the meaning of the term "fiscal windfall"?
A sudden unexpected gain for the government in terms of finances.
A sudden unexpected expenditure that has to be incurred by the government
A taxation policy that is expected to bring in high revenue for the government
None of the above
Fiscal Windfall is a sudden unexpected gain for the government in terms of finances.
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