Understanding the FRBM Act A Key Pillar in Union Budget 2025 Discussions
Understanding the FRBM Act A Key Pillar in Union Budget 2025 Discussions. The Fiscal Responsibility and Budget Management Act (FRBM Act), introduced in 2003, is a vital legislative framework designed to ensure financial discipline within India’s government. It aims to manage public finances effectively, promote economic stability, and reduce fiscal deficits. As Union Budget 2025…