Discussion
What is the target for total outstanding liabilities at the end of 2015-16 as per medium term Fiscal Policy Statement of the Union Budget 2013-14 (Percent of GDP) ?
Answer: A
The medium term Fiscal Policy Statement of the Union Budget 2013-14 set the target for total outstanding liabilities at the end of 2015-16 at 42.3 per cent of GDP, as the key shows.
The other figures, 44.5, 41.1 and 47.8, are not the target in the statement, and they are close enough to be mistaken for it. The statement sets this as a ceiling to be reached by the end of the medium term, as part of the path of fiscal consolidation under the FRBM framework.
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