A critique of the N K Singh committee report debt targets built on quicksand

Jayadev, Arjun (2017) A critique of the N K Singh committee report debt targets built on quicksand. Economic and Political Weekly, 52 (42-43). pp. 14-19.

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Abstract

Despite being an improvement on the ad hoc and restrictive Fiscal Responsibility and Budget Management framework, the N K Singh Committee report suffers from some shortcomings. A short critique of the report’s framing is presented, suggesting that the report is insufficiently attentive to the considerations of macroeconomic coordination. There is a case for increased fiscal spending that runs counterto the recommendations of the committee.

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Jayadev, Arjun

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