Low Budget Deficits a Fad

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Low Fiscal deficits - Result of Astute Fiscal Planning or Just an Apparition |

MEAP TERM PAPER (2011-2013) |

Group 10, Sec C:

U111130 – Azim Farukh

U111140 – Kumar Bishal

U111150 – Nitin Shrivastava

U111160 – Rohit Basuri

U111170 – Smruti Ranjan Mallick

U111180 – Vineeta D

Acknowledgement

This term paper in its present form and state would not have been possible had it not been for the able guidance and support of Prof. Latha Ravindran, whom we always looked up to, when faced with any difficulty and have disturbed her many a times and at all hours.

We are also thankful to everyone starting from the people working at our mess to the printer room person. Without the incessant support from these people, this term paper would not be a reality.

Finally, we thank every member of our group for their patience with each other, and the commitment to see the process through.

Table of Contents :

Introduction...................................................................1

Implications of Low Fiscal Deficit................................1

Observations..................................................................1

Analysis..........................................................................2

Suggestions....................................................................5

Conclusion.....................................................................5

Bibliography................................................................. 7

Appendix, Figs & Tables...............................................8

Fiscal Deficit measures the total resources gap and as such fully reflects the impact of the Fiscal operations as well as the indebtedness of the Govt. Normally, Gross Fiscal Deficit (GFD) is usually described as a percentage of GDP. The government accrues this amount by either currency emission otherwise opting for debt...