The Economic Advisory Council of the Fifteenth Finance Commission will meet on 23-24 April, 2020.  It will be an online meeting presided by Chairman of the 15th Finance Commission, Shri  N. K. Singh and attended by all the Members  and Senior Officials of the Finance Commission.   The meeting will be attended by the 5  Members of the  Council including  Dr. Krishnamurthy Subramanian, Dr. Sajjid Z Chinoy, Dr. Prachi Mishra, Mr. Neelkanth Mishra and Dr. Omkar Goswami on 23rd April, 2020. The meeting with the remaining Members of the Council will be held on the next day i.e. 24th April, 2020.

The likely agenda for the Advisory Council Meeting is - 

• Implications of the pandemic for GDP growth in 2020-21 and 2021-22.  Uncertainty about macro variables over time.
• Possible assumptions for tax buoyancy and revenue in the current year and next year.
• What should be the public expenditure fillip to shore up the economy.

Fiscal policy: calibrating scenario-based growth, revenue assumptions, and public expenditure stimulus to support pandemic recovery. Assessment focuses on three operative issues: scenario-based GDP growth projections under pandemic-driven uncertainty; plausible assumptions for tax buoyancy and revenue availability for the current and next year; and determination of the scale and composition of public expenditure stimulus to support recovery while maintaining fiscal sustainability.