Assistant Professor, Department of Commerce, Dr. Hari Singh Gour, Central University, Sagar (M.P.)
Online published on 21 January, 2016.
For the welfare of Aam Aadmi Government policies and programmes play important role. Financing to these policies and programmes is a tough Job for Central and State Governments. The problem of fiscal deficit is becoming harder day by day. According to data release by Auditor General of India fiscal deficit from April-Aug 2013 reaches 4.05 lakh crore Rs. but the budget for fiscal deficit in this financial year is 5.43 lakh crore Rs. and they estimate the fiscal deficit for 2013–14 in Budget is 4.81% of GDP, but it was 4.9% of GDP in the previous year. The FRBMA targets are yet to be achieved and therefore the Government is reforming the mechanism of subsides. These reforms are affecting the Aam Aadmi as they are facing the continuous price rise of essential commodities. The leakages of the Government finance to the policies and programs for Aam Aadmi through corruption makes the problem great. On the above backdrop the saving of Government finances will be more important to the welfare of Aam Aadmi in real terms.
Fiscal deficit, FRBMA, Subsidies, Aam Aadmi