Fiscal sustainability refers to the ability of a government to maintain its current spending, tax policies, and debt levels without risking insolvency. It ensures that public finances remain stable over the long term. Effective fiscal sustainability supports economic growth and development. It is crucial for maintaining public trust and ensuring the provision of essential services to citizens.
As India prepares for the forthcoming Union Budget, expectations from a population of nearly 1.46 billion are inevitably diverse. Yet, fiscal policymaking is as much about restraint as...
