Which of the following best captures the concept of fiscal responsibility?
Type: MCQ • Marks: 1
Which of the following best captures the concept of fiscal responsibility?
Options
A. Maintaining sustainable public finances while pursuing legitimate public objectives
B. Maximising expenditure irrespective of revenue
C. Eliminating all public borrowing
D. Avoiding all welfare expenditure
Explanation
Fiscal responsibility concerns prudent management of deficits, debt and public resources while maintaining the government's capacity to achieve policy objectives.
UPSC Principal & Vice PrincipalManagement Finance Administration
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