Jayadev, Arjun
(2017)
Debt targets built on quicksand a critique of the N K Singh
committee report.
Economic and Political Weekly, LII.
pp. 14-19.
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 insuffi ciently
attentive to the considerations of
macroeconomic coordination.
There is a case for increased
fi scal spending that runs counter
to the recommendations of
the committee.
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