PREP 4 UPSC
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Need for fiscal council

🔸For
Greater accountability
Fiscal sustainability maintained
Medium term action plan for fiscal consolidation

🔸 Against

CAG already can do postmortem of the budget
CSO RBI provide relevant data for macro economic variables
Already have frbm act


🔸 Way forward
Create a five member committee led by kag to audit the numbers in budget for profound fiscal health , and give public report