|Definition||:||Fiscal Responsibility and Budget Management|
|Category||:||Governmental » Rules & Regulations|
What does FRBM mean?
The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 was enacted by the Parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit and the overall management of the public funds by moving towards a balanced budget.
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Frequently Asked Questions (FAQ)
What is the full form of FRBM in Governmental (India)?
The full form of FRBM is Fiscal Responsibility and Budget Management