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15th Finance Commission's fiscal consolidation panel to meet on Thursday

city New Delhi covid-19 recommendations pandemic Government
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NEW DELHI : A committee under the 15th Finance Commission will on Thursday discuss the fiscal consolidation roadmap of the central and state governments.

The commission under Chairmanship of N K Singh has been mandated to workout the fiscal consolidation roadmap for the government for the period - 2021-22 to 2025-26. "This task has been complicated by the extra-ordinary situation caused by the spread of the pandemic and the concomitant fiscal compulsions on the Central and State Governments," an official statement said.

The central government has already increased the borrowing limit of states by 2 percentage points of GSDP (Gross State Domestic Product) from 3 per cent that was already available.​ The commission will make recommendations

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