{"id":66462,"date":"2020-10-20T12:16:19","date_gmt":"2020-10-20T06:46:19","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=66462"},"modified":"2021-04-21T17:18:06","modified_gmt":"2021-04-21T11:48:06","slug":"macro-economic-framework-statement","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/macro-economic-framework-statement\/","title":{"rendered":"Macro-economic Framework Statement"},"content":{"rendered":"<p><span data-contrast=\"auto\">The<\/span><b><span data-contrast=\"auto\">\u00a0Fiscal Responsibility and Budget Management Act, 2003<\/span><\/b><span data-contrast=\"auto\"> mandates that Central Government shall lay in each financial year before both Houses of Parliament the following statements of the fiscal policy along with the annual financial statement and demands for grants except the Medium-term Expenditure Framework Statement, namely:\u2014 (a) the Medium-term Fiscal Policy Statement; (b) the Fiscal Policy Strategy Statement; (c) the\u00a0<\/span><b><span data-contrast=\"auto\">Macro-economic Framework Statement<\/span><\/b><span data-contrast=\"auto\">; (d) the Medium-term Expenditure Framework Statement.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\">\u00a0<\/span><\/p>\n<p><strong> Macro-economic Framework Statement<\/strong> provides an overview of the economy containing an assessment regarding the fiscal balance of the Central Government, Price related fluctuations, GDP growth rate,\u00a0 and the external sector balance of the economy.<\/p>\n<p><span data-contrast=\"auto\">The FRBM Act further mandates that the Macro-economic Framework Statement shall contain an\u00a0<\/span><b><span data-contrast=\"auto\">assessment of the growth prospects<\/span><\/b><span data-contrast=\"auto\"> of the economy with the specification of underlying assumptions.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Fiscal Responsibility and Budget Management Act, 2003 mandates that Central Government shall lay in each financial year before both Houses of Parliament the following statements of the fiscal policy along with the annual financial statement and demands for grants except the Medium-term Expenditure Framework Statement, namely:\u2014 (a) the Medium-term Fiscal Policy Statement; (b) the Fiscal&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/macro-economic-framework-statement\/\">Continue reading <span class=\"screen-reader-text\">Macro-economic Framework Statement<\/span><\/a><\/p>\n","protected":false},"author":10308,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[167,161],"tags":[],"class_list":["post-66462","post","type-post","status-publish","format-standard","hentry","category-economy-subject","category-subject","entry"],"jetpack_featured_media_url":"","views":{"total":163,"cached_at":""},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/66462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10308"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=66462"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/66462\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=66462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=66462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=66462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}