PM Economic Advisory Council: Need to set up GST Council-like body for public spending

The Economic Advisory Council to the Prime Minister(EAC-PM) has recommended a GST Council-like mechanism for the Centre and states to oversee public expenditure. EAC has said that fiscal consolidation issue as a reason behind this recommendation.The Centre’s fiscal deficit for 2019-20 is 3.3% of GDP.  Hence,there are limits to public expenditure as there is a… Continue reading PM Economic Advisory Council: Need to set up GST Council-like body for public spending