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of <h1>Finance Bill 2018 amends Fiscal Responsibility Act, redefines government debt and economic terms in Section 2.</h1> Clause 208 of the Finance Bill, 2018 amends section 2 of the Fiscal Responsibility and Budget Management Act, 2003. It revises definitions related to government debt and economic metrics. The term 'Central Government debt' now includes total liabilities on the security of the Consolidated Fund of India and other financial obligations. 'General Government debt' encompasses the combined debt of central and state governments, excluding inter-governmental liabilities. The amendment also introduces definitions for 'gross domestic product' and 'real gross domestic product,' as well as 'real output growth,' while omitting previous clauses (e) and (f).
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