Who is the chairman of FRBM Committee?

N.K.Singh is the chairman of the FRBM review committee. It was set up in May 2016 by the Government of India to review the FRBM Act. The fiscal deficit target was changed to 3.2% by former Finance Minister Arun Jaitley in his budget speech of 2017. This change was done referring to the N.K.Singh headed FRBM Review Committee report. The committee had recommended a fiscal deficit target of 2.5% by 2023. You can read about the Fiscal Responsibility & Budget Management (FRBM) Act in the given link.

Further readings:

  1. Previous Years Economic Mains Questions for UPSC GS-3
  2. Indian Economy Notes For UPSC

Related Links

FRBM Review Committee (NK Singh Committee) Recommendations

Monetary Policy – Objectives, Roles and Instruments

Union Budget 2021 Summary

Fiscal Policy in India – Objectives, Components

Fiscal Deficit – Components, Calculation

Fiscal Consolidation – 3 tools of Fiscal Policy

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