Which of the following is/are N K Singh committee recommendation/s? 1. The combined debt-to-GDP ratio of the centre and states should be brought down to 60 per cent by 2025. 2. The Committee advocated primary deficit as the operating target to bring down public debt. 3. The Committee recommends that the central government should reduce its revenue deficit steadily by 0.25 percentage (of GDP) points each year. Select the correct answer from below given codes: |ForumIAS

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: A

Notes:

Explanation: The main recommendations of the NK Singh Committee are:

Public debt to GDP ratio should be considered as a medium-term anchor for fiscal policy in India.
The combined debt-to-GDP ratio of the centre and states should be brought down to 60 per cent by 2023 (comprising of 40 per cent for the Centre and 20% for states) as against the existing 49.4 per cent, and 21per cent respectively.
The Committee advocated fiscal deficit as the operating target to bring down public debt. For fiscal consolidation, the centre should reduce its fiscal deficit from the current 3.5% (2017) to 2.5% by 2023.
The Committee also recommends that the central government should reduce its revenue deficit steadily by 0.25 percentage (of GDP) points each year, to reach 0.8% by 2023, from a projected value of 2.3% in 2017.

Source: FORUMIAS