If government has targeted to keep the fiscal deficit within 3.3% percent of GDP, but if it crosses that limit, it’s called ‘Fiscal Slippage’
Fiscal Glide
in 2018, instead of immediately reducing the Fiscal deficit to 3.0% FM promised to reduce it to 3% in 2020-21 like a glider gradually descending on its landing target. Hence subsequent Finance Ministers keep reiterating that we’ll continue on that ‘Fiscal Glide’ path.
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