imposed by the FRBM Act on fiscal and revenue deficit
are just an excuse used by the government to hide
its unwillingness to act on urgent and important public
issues like employment crisis. In reality, government
constantly cheats on the FRBM Act, through increased
"off-budget" expenditures, misstatement
of receipts, and holding back payments that pushes
the debt onto other entities.
article was originally published in the Quartz
India on January 28, 2019.