What does N.K. Singh propose as a measure for fiscal accountability
N.K. Singh moots market discipline link for fiscal accountability.
N.K. Singh proposes market discipline as a measure for fiscal accountability, outlining it as follows:
- Market discipline encourages transparency and accountability by holding governments responsible for their fiscal choices.
- It involves creating incentives for responsible fiscal behavior through market reactions to government actions.
- This mechanism helps in curbing excessive borrowing and spending by creating pressure on governments to maintain sustainable fiscal policies.
- Market discipline can also help in reducing the risk of fiscal crises by enhancing the credibility of a government's fiscal commitments.
- Overall, linking fiscal accountability to market discipline can promote prudent fiscal management and ensure long-term economic stability.
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a year ago