'Fiscal balance important, situation demands stimulus for short term'

With the fiscal deficit already having reached more than 27 per cent of the annual target in
the first two months of the current financial year, fiscal prudence surely does not appear to
be an option with the Indian government. In spite of that, the government remains firm on
bringing about fiscal discipline at the soonest, going by the Economic Survey 2008-09.
"A commitment to return to FRBMA (Fiscal Responsibility and Budget Management Act)
mandate at the earliest and quick reversibility of expansionary policies are critical for
markets to synchronise their expectations with that of government and work in a
coordinated manner towards the restoration of the high growth momentum," the report said
source :
http://in.news.yahoo.com/48/20090703/1238/tbs-fiscal-balance-important-situation-d.html